Trump's Hormuz levy flags looming oil-supply risk

Trump’s proposal for a 20% levy on cargo transiting the Strait of Hormuz could add about $16 per barrel to shipments, signaling heightened risk of supply disruption if the strait is shut again; oil prices rose as traders priced in potential losses from reduced tanker traffic and possible storage bottlenecks, while analysts warn that output could be curtailed if supply remains unreliable, and the IEA’s near-term surplus outlook depends on traffic recovery and demand patterns in Asia.