Trump: The US will collect payment from the Strait of Hormuz
US President Donald Trump stated, "The Strait of Hormuz is open and will remain open, whether Iran is involved or not," adding, "Effective today, the US will collect a 20 percent fee on all cargo passing through the Strait of Hormuz."
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US President Donald Trump made a statement regarding the Strait of Hormuz. Trump said, "The Strait of Hormuz is open and will remain open, whether Iran is involved or not."
Announcing that the US will reimpose a blockade in the Strait of Hormuz, Trump said, "We are reinstating the policy that restricts only Iranian ships or Iran's customers from entering or exiting the strait.
For this reason, this policy will be called the 'Iran Blockade.' All other countries will continue to use the Strait of Hormuz freely and fairly."
Stating that the US will collect fees for passage through the Strait of Hormuz, Trump said, "Effective today, the US will be known as the 'Guardian of the Strait of Hormuz.' However, as a requirement of this duty and in accordance with the principle of fairness, in order to cover all expenses incurred for security and safety in this extremely sensitive region of the world, a 20 percent fee will be collected on all cargo transported through the strait. The implementation of this policy and the necessary structuring will begin immediately."