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Live Updates  >  Live Update Details

2026-07-14 06:22:10

[Trump Proposes New Rules for the Strait of Hormuz: 20% Fee on Passing Cargo, Single Supertanker May Have to Pay $30 Million] 1. US President Trump announced on July 13th that the US would reinstate its maritime blockade against Iran and become the "guardian of the Strait of Hormuz" effective immediately. He stated that, based on the principle of fairness, the US would charge a 20% fee on all cargo transported through the strait to compensate for the costs of maintaining security in this volatile region. 2. Trump posted on the social media platform "Real Social" that the Strait of Hormuz is currently open and will remain open, regardless of Iran's participation. He emphasized that the blockade "only targets Iranian ships or customers, restricting their access to the strait," and that other countries can use the strait fairly and openly. 3. Based on the current oil price of approximately $80 per barrel, a supertanker carrying 2 million barrels of crude oil has a total cargo value of approximately $150 million, and a 20% fee would amount to approximately $30 million. In comparison, Iran previously imposed a temporary fee of up to $2 million per voyage. 4. In an interview with Fox News, Trump stated, "We will hold the Strait, and very likely we will control it. We will be the guardians of the Strait and should be compensated for it." He also threatened that if Iran did not comply, the United States would "very severely punish them." 5. Iran responded swiftly. A spokesperson for the Khatham Anbia Central Headquarters of the Iranian Armed Forces stated that it would not allow the United States to interfere in the administration of the Strait of Hormuz and warned that it would strongly retaliate against any unauthorized interference by the US military in the passage of merchant ships.

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