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Trump's proposed 20% fee on Strait of Hormuz cargo risks raising oil prices and supply disruptions.

Market News
13 Jul 2026
CNBC
View Source
Bearish
pluang ai news

President Donald Trump has proposed a 20% fee on cargo passing through the Strait of Hormuz, potentially adding about $16 per barrel to oil costs. This move raises concerns about supply disruptions and military escalation, threatening the global oil surplus forecasted earlier this year. Vessel traffic through the strait has already declined sharply, risking storage overflows and forced production cuts. The situation could lead to higher oil prices and challenges in meeting Asian demand if Middle Eastern supplies become less reliable.

More News

Global blood glucose monitoring market to nearly double to $39.4B by 2035 with 8.9% CAGR driven by AI and home care trends

Global blood glucose monitoring market to nearly double to $39.4B by 2035 with 8.9% CAGR driven by AI and home care trends

The global blood glucose monitoring system market, valued at $16.8 billion in 2025, is projected to grow to $39.4 billion by 2035 at an 8.9% CAGR. Growth is fueled by rising diabetes prevalence, advancements in AI-enabled monitoring devices, and incr...

Market News
Bullish
1 hour ago
Madonna and MISTR host CLUB CONFESSIONS NYC to celebrate dance, LGBTQ+ culture, and HIV prevention.

Madonna and MISTR host CLUB CONFESSIONS NYC to celebrate dance, LGBTQ+ culture, and HIV prevention.

Madonna returned to New York City to celebrate her No.1 album Confessions II with CLUB CONFESSIONS, a nightlife event co-hosted by MISTR that highlights dance music, queer culture, and HIV prevention. The event featured performances by Madonna and co...

Others
Bullish
4 hours ago
US government moves $300M in seized Bitcoin and Ethereum to Coinbase Prime, sparking sell speculation but likely custody transfer.

US government moves $300M in seized Bitcoin and Ethereum to Coinbase Prime, sparking sell speculation but likely custody transfer.

The US government transferred nearly $300 million worth of seized Bitcoin and Ethereum to Coinbase Prime, raising speculation about potential sales. However, experts suggest the move is likely for custody or administrative purposes rather than liquid...

Market News
Neutral
4 hours ago
Alkane Resources grows post-merger with strong gold output and promising copper-gold project.

Alkane Resources grows post-merger with strong gold output and promising copper-gold project.

Alkane Resources has become a diversified gold and antimony producer after merging with Mandalay Resources, operating three mines with a strong financial position. The company produced 168,337 ounces of gold equivalent in FY2026 and focuses on operat...

Analyst Insights
Bullish
4 hours ago
US government moves nearly 4,000 BTC to Coinbase Prime, sparking sale speculation.

US government moves nearly 4,000 BTC to Coinbase Prime, sparking sale speculation.

On July 13, the US government transferred nearly 4,000 bitcoin, worth about $250 million, to Coinbase Prime, a platform for institutional custody and trading. These bitcoins are linked to federal seizures from cases involving Ryan Farace and the BTC-...

Market News
Neutral
4 hours ago
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