A 20% levy on Strait of Hormuz shipments could disrupt global energy flows and push oil prices higher, analysts warn.
Former U.S. President Donald Trump has proposed a 20% toll on the commercial value of cargo passing through the Strait of Hormuz, a critical chokepoint for global oil and gas shipments. The plan aims to generate revenue but risks violating international navigation laws and escalating energy costs, according to market observers.
The Strait of Hormuz handles about 20% of the world’s oil supply, and past disruptions have triggered price spikes. Analysts note that even the threat of such a toll has already contributed to volatility in oil markets, with Brent crude futures rising in recent sessions.
If implemented, the toll could accelerate the shift toward renewable energy by making fossil fuels more expensive, though short-term supply chain disruptions remain a primary concern for traders.