The United States has carried out a third night of strikes against Iran, reimposed a blockade on Iranian ports, and proposed a new fee for vessels transiting the strategic Strait of Hormuz. President Donald Trump announced that Washington would assume control of the waterway and seek compensation equal to one-fifth of all cargo shipped through it to cover security costs, according to reports. Iran’s military immediately rejected any U.S. interference in managing the strait. The conflict has led to attacks on commercial ships near the waterway, killing an Indian seafarer, drawing protests from India, and prompting Jordan and Bahrain to intercept incoming missiles. Oil prices rose roughly 2.5 percent, while China urged the restoration of safe passage through the strait.