So Trump says the blockade of Iranian ports is back on, and that the US is taken over the SoH.
“The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait,”
“The U.S.A. will be, from this point forward, known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’ but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World,”
The above was posted by Trump on his Truth spcial. He was also talking to Fox news, and he said :
“We hit them very hard last night. Every time they send a drone, we hit them very hard. But we had a deal. What nobody knows, we had a deal. It was a done deal, and then they broke it. They always break it. We’ve had 10 deals with these people, and so we’re just going to hit them very hard,”
“Now we’re going to guard it, and we’re going to get paid for guarding it,”
Now, when Iran was doing tolls a few months back, the going rate was worked out by evidence obtained as being a dollar per barrel of oil. But Trump is going to charge 20%. So putting aside all the legalities of it, this also presents a massive conflict of interest. The higher the oil price, the higher the charges. So if oil is at $100 a barrel, that is $20 for the US.
So there is no incentive to have the SoH flowing at pre war levels ?