Trump announces 10% global tariffs after SC calls reciprocal duties illegal
Trump announces 10% global tariffs after SC calls reciprocal duties illegal
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A recent conflict has shifted control of the vital Strait of Hormuz. Iran may now charge transit fees for ships passing through. This follows a US Iran ceasefire agreement. The situation signals a significant change in regional maritime control. Global oil trade routes are impacted by these developments
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For weeks, the Trump administration relied on Pakistan to act as an intermediary, urging it to persuade Iran to agree to a pause in hostilities that would allow the reopening of the Strait of Hormuz. Islamabad s role as a Muslim majority neighbour was seen as key to making the proposal acceptable to Tehran. Back channel diplomacy spearheaded by Pakistan s army chief Asim Munir culminated late Tuesday with the US, Iran and Israel announcing a two week ceasefire
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