Trump says he will back off plan to toll ships in Strait of Hormuz

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump says he will back off plan to toll ships in Strait of Hormuz 07:23 UP NEXT Barrett testifies about swatting incident and threatening packages at hearing 02:18 Justice Kagan calls for additional Supreme Court security funding 02:24 … Read more

Trump’s Strait of Hormuz fee would cost millions, open “a very dangerous Pandora’s Box,” experts say

If President Trump were to make good on his declaration that the U.S. will impose a 20% fee on cargo transiting the Strait of Hormuz it could cost the largest vessels over $30 million per shipment, industry experts say, while logistics companies have called the concept illegal. It is not clear how the Trump administration … Read more

Gaining full control of Strait of Hormuz has proven exceptionally hard for U.S. Here’s why.

Washington — President Trump has been trying to force Iran to fully reopen the Strait of Hormuz for months, turning to everything from airstrikes and naval blockades to negotiations and threats to destroy a “whole civilization.” But restoring oil tanker traffic in the vital Middle East shipping corridor to prewar flows likely will require a … Read more

U.S. announces more strikes on Iran over Strait of Hormuz

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing U.S. announces more strikes on Iran over Strait of Hormuz 04:01 UP NEXT Trump says U.S. will launch an ‘Iranian blockade’ in the Strait of Hormuz 03:04 US and Iran Trade Strikes as Ceasefire Deal Efforts Unravel 01:51 … Read more

Expert says neither side controls Strait of Hormuz as fighting intensifies between U.S. and Iran

Fighting between the U.S. and Iran over control of the Strait of Hormuz intensified Monday as both sides claimed possession, with President Trump reinstating his blockade on Iranian ships. Mona Yacoubian, director and senior adviser of the Middle East Program at the Center for Strategic and International Studies, joins CBS News to share her analysis. … Read more

Trump says U.S. will launch an ‘Iranian blockade’ in the Strait of Hormuz

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump says U.S. will launch an ‘Iranian blockade’ in the Strait of Hormuz 03:04 UP NEXT US and Iran Trade Strikes as Ceasefire Deal Efforts Unravel 01:51 US Launches New Strikes on Iran After It Closes Strait of … Read more

Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz

Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries’ ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share … Read more

Trump says U.S. will get paid to guard Strait of Hormuz: “Maybe we’ll call it the ‘Guardian Angel of the Strait'”

President Trump said Monday that the U.S. would “become the guardian” of the Strait of Hormuz and suggested that other countries will pay the U.S. for securing it.  Mr. Trump told Fox News the U.S. was “going to keep the strait, and we’ll probably run it. We’ll become the guardian of the strait. Maybe we’ll … Read more