Iran mocks Trump's 'guardian of Hormuz' claim (ANI images) Iranian foreign minister Seyed Abbas Araghchi on late Monday mocked US President Donald Trump over his proposal to charge a 20% fee on cargo transiting the Strait of Hormuz, asserting that Iran, not the US, is the true "guardian" of the str»»»

TOKYO - Oil prices spiked after US President Donald Trump said he would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and demand payment for all other cargo moving through the waterway. Brent crude surged 9.6 per cent to close at US$83.30 per barrel on July 13. It was the glo»»»

Washington and Tehran both claim to be in control of the strategic waterway as fighting escalates. The US military says it has launched a third consecutive night of strikes against Iran, hours before a reinstated naval blockade of Iranian ports takes effect, as Washington and Tehran both stake clai»»»