President Trump says he'll charge a 20% toll on cargo transiting the Strait of Hormuz. Lars Jensen ran the numbers, and they don't hold up. In this episode, Lars Jensen and Caroline Weaver cover: The math behind why a 20% Hormuz toll could work out to record freight rate highs, and why no shipper would pay it.Who would even be billed, and why the US has no realistic way to collect if a carrier just refuses.Seven attacks on commercial vessels in the Strait of Hormuz this week alone, and what "open" actually means when ships are still getting hit.Asia-USWC rates flatten, but the shipper-to-shipper spread nearly tripled in a month.Maersk extends its Suez return with two more services despite the Hormuz risk. Subscribe for weekly podcast highlights Rss Apple Podcaster →
