Kylie Cooper/ReutersPresident Donald Trump is “very serious” about his plan to impose a 20% toll on cargo transiting through the Strait of Hormuz, a White House official told Semafor. The US president has long flirted with the idea of charging a toll, wondering back in April “why shouldn’t” his administration do so. But Trump doesn’t always follow through with his musings, and until this week, he resisted formally announcing that plan — in part due to opposition from some in his orbit. “People tried to talk him out of it,” the official said. It’s not yet clear how such a fee system, which Trump has tied to a renewed naval blockade, would work, or whether the US has even consulted with Gulf states; details of the plan are still being ironed out, the official said, as the US launches more strikes against Iran over attacks on commercial shipping. — Shelby Talcott |