US President Donald Trump has said the US is reinstating a blockade on Iran in the Strait of Hormuz and will charge ships a 20 percent fee on all cargo shipped through the waterway

US President Donald Trump has said the US is reinstating a blockade on Iran in the Strait of Hormuz and will charge ships a 20 percent fee on all cargo shipped through the waterway, adding that the process would "begin immediately". 🔴 LIVE updates