Woofun AI reports that U.S. President Donald Trump announced the reinstatement of a blockade on vessels traveling to and from Iranian ports through the Strait of Hormuz. The measure, effective at 4:00 PM Eastern Time on July 14 per U.S. Central Command, bans Iranian ships while proposing a 20% fee on cargo value for other nations. Brent crude briefly surged approximately 10% to $83.63 per barrel. The International Maritime Organization opposed the transit fees, while implementation details remain undisclosed.