CNBC Daily Open: The Hormuz blockade is back and Trump is tolling

President Trump has reignited tensions in the Strait of Hormuz by reinstating a naval blockade and imposing a 20% toll charge on ships passing through the strategic passage. This move has sent shockwaves through the oil markets, driving up prices as traders worry about potential disruptions to global oil supply routes. Historically, the Strait of Hormuz has been a critical conduit for global oil transport, and any blockage can have far-reaching economic consequences. Trump's decision highlights ongoing geopolitical tensions and raises questions about future international trade and security dynamics.