"20% Too Much, We Will Be Fair": Iran On Trump's Hormuz Fee Demand
Iran has rejected US President Donald Trump's proposal to impose a 20% fee on cargo passing through the Strait of Hormuz, calling the rate excessive while asserting its role as the waterway's guardian. This follows the US military's announcement of a renewed blockade on maritime traffic entering or exiting Iranian ports.
Why it matters
The escalation of tensions in the Strait of Hormuz poses significant risks to global energy security and international maritime trade.
Iran has hit back at US President Donald Trump's plan to charge 20 per cent on all cargo passing through the Strait of Hormuz, with its foreign minister arguing that Iran, not the US, has always been the true guardian of the waterway.Writing on X, Iranian Foreign Minister Seyed Abbas Araghchi said, "POTUS is absolutely right. Whoever provides secure and safe passage of commercial vessels through the Strait of Hormuz should be compensated for this service. Iran has always been the GUARDIAN of the Strait and will remain so FOREVER."He then took aim at the size of Trump's proposed fee, adding, "20 per cent is of course too much. We will be fair."Araghchi's comments followed a post by Trump on his Truth Social platform, in which he laid out his plan for the strait.
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