An opinion piece criticizes former President Donald Trump’s plan to impose a shipping toll in the Strait of Hormuz, calling it “another hypocrisy.” According to the commentary, any new toll could shift added costs onto consumers worldwide.

Oil has surged past $100 per barrel, rattling markets as the war in Iran shows no signs of easing. With Dow, S&P 500, and Nasdaq 100 futures all down before the opening bell, investors brace for a turbulent trading day.