U.S. Reinstates Hormuz Blockade, Signals Toll Fees Amid Iran Tensions

Amid escalating U.S.–Iran hostilities, the United States says it is reinstating a naval blockade of the Strait of Hormuz and will charge a 20% toll on ships passing through, as U.S. military strikes Iran and international bodies push back on tolls; the move comes alongside broader geopolitical and domestic political developments, including the death of Sen. Lindsey Graham and the naming of his sister as a temporary replacement.