Trump’s Hormuz Toll Plan Could Push Oil Prices Higher

A proposal reportedly put forward by US President Donald Trump to impose a 20% toll on vessels passing through the Strait of Hormuz has sparked global discussion. The proposal aims to fund enhanced security for commercial ships using one of the world's busiest oil trade routes. If implemented, the additional charges could substantially increase the cost of transporting crude oil.

According to estimates, a fully loaded oil supertanker could be required to pay nearly $30 million (approximately ₹287 crore) as a toll. Industry experts warn that such a move may drive up international crude oil prices, increase shipping costs, and eventually impact fuel prices and inflation across several countries.