President Donald Trump said Monday that the United States would take over security operations in the Strait of Hormuz and seek reimbursement by charging a 20% fee on cargo shipped through the strategic waterway.
The remarks came as fighting between the United States and Iran continued to escalate, although there has been no announcement that such a policy has been implemented.
Proposal
During an interview on “Fox & Friends,” Trump said the United States would become the “guardians” of the Strait of Hormuz.
“We’re going to hit [Iran] very hard and keep the strait, and probably run it,” Trump said.
He later expanded on the proposal in a Truth Social post, stating that the U.S. would seek reimbursement “at the rate of 20% on all cargo shipped” to cover the costs of providing security in the waterway.
Trump also wrote that the process of establishing the plan would begin immediately.
Strait
The Strait of Hormuz is one of the world’s most important shipping routes, carrying a significant share of global oil exports.
Recent military tensions in the region have raised concerns about the security of commercial shipping through the narrow passage connecting the Persian Gulf to the Gulf of Oman.
| Strait of Hormuz | Details |
|---|---|
| Importance | Major global oil shipping route |
| Trump’s proposal | U.S. security oversight and 20% cargo fee |
| Current status | No official implementation announced |
Conflict
Trump’s comments followed another weekend of military exchanges between the United States and Iran.
Iranian state media reported Saturday that the Strait of Hormuz had been closed “until further notice,” although Trump disputed that claim during a Sunday interview, saying the waterway remained open.
On Monday, U.S. Central Command (CENTCOM) announced additional strikes against Iranian targets, saying the operations were conducted at the direction of the president.
According to CENTCOM, the strikes were intended to reduce Iran’s ability to attack commercial shipping and civilians in the region.
Response
Iran responded by rejecting Trump’s proposal.
According to Iranian state media, a military spokesperson said Iran would not allow the United States to interfere in the management of the Strait of Hormuz.
The comments came as diplomatic efforts between the two countries continued alongside ongoing military operations.
Markets
Energy markets reacted to the latest developments.
U.S. crude oil futures rose more than 5% Monday, reaching approximately $75 per barrel as investors monitored the growing tensions in the Gulf region.
At this time, there has been no official announcement that the United States has assumed control of the Strait of Hormuz or begun collecting any cargo fees.
FAQs
What did Trump propose for the Strait of Hormuz?
He proposed U.S. oversight and a 20% cargo fee.
Has the proposal been implemented?
No official implementation has been announced.
Why is the Strait of Hormuz important?
It is a key route for global oil shipments.
How did Iran respond?
Iran rejected U.S. involvement in managing the strait.
How did oil prices react?
U.S. crude futures rose more than 5%.
