local
U.S. to impose 20% toll in Strait of Hormuz
By Molly Martinez at KOSA CBS7 / First Alert 7 (Permian Basin CBS)
· July 13, 2026
· 1 min read
WASHINGTON (Gray DC) - WASHINGTON — President Donald Trump announced the U.S. naval blockade of the Strait of Hormuz is back in effect, and for the first time the U.S. will charge a 20% toll for each ship allowed to pass. Trump said the payment is in exchange for safety in the strait.Weeks earlie...
Key takeaway will charge a 20% toll for each ship allowed to pass.
Why this matters in The Midland
The imposition of a 20% toll in the Strait of Hormuz by the US is likely to have significant implications for Midland , given the city's role in the Permian Basin oil production. As the conflict escalates and gas prices climb, local drivers are already feeling the pinch with the average price of a gallon of gas reaching $3.87. This increase could have a ripple effect on the local economy, impacting not only commuters but also businesses that rely on transportation. The Permian Basin is a major oil-producing region, and any disruption to global oil supplies could lead to increased demand for local oil, potentially driving up production and economic activity in the area. However, this could also lead to increased costs for local businesses and residents, making it essential to monitor the situation and its effects on the local economy.
About this story
Original reporting by KOSA CBS7 / First Alert 7 (Permian Basin CBS) . The Midland surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KOSA CBS7 / First Alert 7 (Permian Basin CBS) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 13, 2026 ·
Source: KOSA CBS7 / First Alert 7 (Permian Basin CBS) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? WASHINGTON (Gray DC) - WASHINGTON — President Donald Trump announced the U.S. naval blockade of the Strait of Hormuz is back in effect, and for the first time the U.S. will charge a 20% toll for each ship allowed to pass. Trump said the payment is in exchange for safety in the strait.Weeks earlie...
When was this published? This article was first published on July 13, 2026 by KOSA CBS7 / First Alert 7 (Permian Basin CBS) and curated for The Midland readers.
Who reported this story? This story was reported by Molly Martinez at KOSA CBS7 / First Alert 7 (Permian Basin CBS). To learn more about how The Midland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Midland, or browse our daily briefing and topic hubs .
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