Live updates: US will resume Strait of Hormuz blockade; McMaster to name Graham’s replacement

Summary

President Trump said Monday the U.S. military would resume its blockade of the Strait of Hormuz and charge a 20 percent rate “on all cargo shipped,” declaring the U.S. to be the “guardian” of the waterway, as tensions and strikes escalated with Iran. “The Hormuz Strait is OPEN, and will remain OPEN, with or without…