<\/p>
US President Donald Trump says he wants a reimbursement from countries for protecting the Strait of Hormuz, the crucial passageway for energy and essential cargoes. “The USA will be, from this point forward, known as \u2018THE GUARDIAN OF THE HORMUZ STRAIT,\u2019 but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately,” Trump wrote.\u00a0<\/p>
Before that he said that the US was going to keep the strait and run it. He said the US would become the guardian of the strait, and that they should be reimbursed for that.\u00a0<\/p>
MUST READ |\u00a0\u2018Protecting a very rich portion of the world\u2019: Trump wants to be reimbursed for guarding Hormuz<\/strong><\/p> This adds to India\u2019s growing woes and uncertainties regarding imports. A free and secure Hormuz is of utmost importance to India as almost 40 per cent of India\u2019s crude imports, 60 per cent of its LNG shipments and 90 per cent of LPG inflows pass through Hormuz.\u00a0<\/p> HOW WILL THIS IMPACT INDIA?<\/strong><\/p> A proposed 20% cargo fee on ships transiting the Strait of Hormuz could significantly increase India\u2019s energy import costs, adding to pressure on refiners, shipping companies and insurers at a time when traffic through the strategic waterway is already under strain.<\/p> DON’T MISS |\u00a0Trump declares US guardian of Strait of Hormuz and mandates 20% global cargo fee\u00a0<\/strong><\/p> Any prolonged rise in freight and insurance costs, along with a transit surcharge, could add fresh pressure to the fuel import bill and complicate efforts to contain inflation. Although Hormuz remained open throughout the hostilities, war-risk insurance premiums rose sharply, freight rates increased and shipping companies imposed additional security-related charges on vessels operating in the Gulf.<\/p> These higher transportation costs pushed up the landed price of crude for Indian refiners. At the same time, fears of a potential blockade drove global benchmark Brent crude prices higher, raising concerns over imported inflation and a larger oil import bill.<\/p> MUST READ |\u00a0Hormuz: Open or closed? Iran strikes US bases in Kuwait, Qatar, Bahrain, Jordan after fresh attacks<\/strong><\/p> If implemented, the 20% transit surcharge would further raise the landed cost of crude imports for Indian refiners.\u00a0<\/p> According to Bloomberg, only six ships passed through Hormuz on Sunday. And meanwhile, nine Indian ships were stranded at the strait last week.\u00a0 donald trump, donald trump hormuz, donald trump strait of hormuz, donald trump guardian of the strait, hormuz, donald trump cargo ships 20% fee#India #pay #fee #ships #passing #Hormuz1784003345<\/p> ","protected":false},"excerpt":{"rendered":" US President Donald Trump says he wants a reimbursement from countries for protecting the Strait of Hormuz, the crucial passageway for energy and essential cargoes. “The USA will be, from this point forward, known as \u2018THE GUARDIAN OF THE HORMUZ STRAIT,\u2019 but as such, and as a matter of FAIRNESS, will be reimbursed, at the […]<\/p>\n","protected":false},"author":1,"featured_media":11581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[632,46042,46041,46039,46040,23462,13877,200,15565,2822,15564],"class_list":["post-11580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-donald-trump","tag-donald-trump-cargo-ships-20-fee","tag-donald-trump-guardian-of-the-strait","tag-donald-trump-hormuz","tag-donald-trump-strait-of-hormuz","tag-fee","tag-hormuz","tag-india","tag-passing","tag-pay","tag-ships"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/11580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11580"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/11580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/11581"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11580"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u00a0<\/p> <\/div>