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Trump Considers Toll Fees for Hormuz Strait

Trump Considers Toll Fees for Hormuz Strait

In a statement made on June 20, U.S. President Donald Trump indicated that there would be no toll fees for transit through the Hormuz Strait during a 60-day ceasefire. However, he noted that fees could be imposed afterward if an agreement is not reached and if it serves American interests.

Trump mentioned that any potential tolls would be collected for services provided by the U.S. as a 'guardian angel' for Middle Eastern countries, aimed at reimbursing past, present, and future costs. This statement comes amid ongoing negotiations between Iran and Gulf nations regarding the Strait, a crucial maritime route.

The memorandum recently signed between the U.S. and Iran stipulates that vessels can pass through the strait free of charge for 60 days, while negotiations continue. After this period, Iran may be allowed to impose toll fees. Iranian Parliament Speaker Mohammad Ghalibaf stated that Iran intends to collect fees for vessels passing through the Strait after the 60-day period.

Trump has repeatedly asserted that the Hormuz Strait must remain open for free passage once hostilities cease. His latest remarks follow Iran's announcement of closing the strait in response to ongoing Israeli attacks in southern Lebanon, which Iran claims violate the U.S.-Iran agreement.

The U.S. Central Command (CENTCOM) confirmed that Iran does not control the Hormuz Strait and that commercial shipping continues to transit safely. Colonel Tim Hawkins, a CENTCOM spokesperson, stated that U.S. forces are monitoring the situation to ensure this continues. On June 20, CENTCOM reported that vessels were moving safely through the strait, transporting significant amounts of goods, including over 17 million barrels of oil to global markets.

The Hormuz Strait is a vital shipping lane, accounting for approximately 20% of the world’s oil supply during peacetime. It had been nearly entirely blocked by Iran following the outbreak of conflict.

Meanwhile, Iranian media reported that a delegation led by Speaker Ghalibaf arrived in Zurich, Switzerland, for negotiations with the U.S. The talks are set to take place at the Burgenstock mountain resort. U.S. Vice President JD Vance also departed Andrews Air Force Base on June 20 to participate in the dialogue with Iran, emphasizing his priority of establishing a negotiation framework and making progress on nuclear issues as well as a ceasefire in Lebanon.

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