Trump warns Iran over Hormuz transit fees as shipping tensions escalate
EMERGING ASIA
The back and forth finger pointing continues between U.S. and Iran. U.S. President Donald Trump has issued a fresh warning to Iran over reports that it may be charging fees to tankers transiting the Strait of Hormuz. It seems Trump would like an unconditional opening of the Strait, which Iran will unlikely comply. Both Brent and WTI is higher so far.