🌐 Geopolitical🌐 Global
US Strikes Iran for Third Night Running, Slaps 20% Fee on Hormuz Shipping
The Hindu·Tuesday, 14 July 2026
The US military carried out its third consecutive night of strikes on Iran. President Trump also reinstated a maritime blockade on Iranian ports and announced a 20% charge on all cargo passing through the Strait of Hormuz. The US used one-way attack sea drones in combat for the first time to strike the Iranian port of Bandar Abbas.
Why It Matters
The Strait of Hormuz carries a massive share of the world's oil. A blockade and shipping fee could spike global crude prices almost immediately, hitting India — one of the world's biggest oil importers — hard at the pump.
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