Trump said on Monday that the US will charge 20% of all goods transported through the strait to cover the expenses of providing military escort for waterway ships. Shipping operators and logistics experts said that Trump plans to levy tolls on ships passing through the Strait of Hormuz. This move will drastically raise the cost of transporting crude oil and other goods along this critical waterway. Rico Luman, a senior logistics economist at the Dutch International Group Research Institute, said that the shipping cost for oil tankers to transport crude oil from the Persian Gulf to Europe is about $10 per barrel. The current price of crude oil is about 80 US dollars per barrel. Based on this calculation, the toll proposed by Trump will increase the cost of transporting each barrel of crude oil through the strait by another 16 US dollars, and the overall freight will reach 26 US dollars per barrel. For a large tanker capable of carrying 2 million barrels of crude oil, this toll alone would increase the cost by more than 30 million dollars. Oil importers are likely to pass on part of the costs to end consumers.

Trump said on Monday that the US will charge 20% of all goods transported through the strait to cover the expenses of providing military escort for waterway ships. Shipping operators and logistics experts said that Trump plans to levy tolls on ships passing through the Strait of Hormuz. This move will drastically raise the cost of transporting crude oil and other goods along this critical waterway. Rico Luman, a senior logistics economist at the Dutch International Group Research Institute, said that the shipping cost for oil tankers to transport crude oil from the Persian Gulf to Europe is about $10 per barrel. The current price of crude oil is about 80 US dollars per barrel. Based on this calculation, the toll proposed by Trump will increase the cost of transporting each barrel of crude oil through the strait by another 16 US dollars, and the overall freight will reach 26 US dollars per barrel. For a large tanker capable of carrying 2 million barrels of crude oil, this toll alone would increase the cost by more than 30 million dollars. Oil importers are likely to pass on part of the costs to end consumers.