Return of colonialism: Uday Kotak on Trump's plan to charge rent at Hormuz

Veteran banker Uday Kotak warned that US President Donald Trump's plan to take control of Strait of Hormuz and charge "rent" signals a return to "true colonialism". He added that this could trigger a structural shift in the global order not seen in "our living history". Disruptions in the Strait amid the Middle East conflict have affected global oil supplies.