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Trump Plans to Charge Nations a Fee for US Military Protection of Hormuz Strait

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US President Donald Trump has announced plans to impose a fee on countries that benefit from American military protection of the Strait of Hormuz. Trump argued that the United States has been safeguarding the critical waterway at no cost to other nations, a situation he said he intends to change. The Strait of Hormuz is one of the world's most strategically important shipping lanes, through which a significant share of global oil trade passes. Trump indicated that wealthy nations in particular would be expected to contribute financially to the security arrangement going forward.

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