Trump’s Hormuz toll plan could backfire, global shipping industry warns
- Posted on July 14, 2026
- By CNBC
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- 1 min read
Donald Trump's proposal to impose tolls on maritime traffic through the Strait of Hormuz faces significant opposition from the global shipping industry. Major carriers like Hapag-Lloyd argue that charging fees for passage through international waters violates maritime law and could disrupt global trade flows. The initiative threatens to increase shipping costs, inflate consumer prices, and create geopolitical tensions among nations dependent on this critical waterway for energy and commerce.
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