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US may take over Strait of Hormuz and take 20% of oil passing through it: Trump
short by Medhaa Gupta / on Sunday, 21 June, 2026
US President Donald Trump said the country may take over the Strait of Hormuz, "if they have to," and collect tolls, as per a Fox News correspondent. The President added that this may involve US "taking 20% of the oil that passes through the strait". This comes as Iran said it's closing it in response to Israeli strikes on Hezbollah.
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