US Will Be 'Paid' For Guarding Strait Of Hormuz
President Donald Trump announced that the United States will take over guarding the Strait of Hormuz and expects wealthy nations to pay for the service. This follows heightened tensions and military activity in the critical energy trade route.
Why it matters
The policy shift regarding the Strait of Hormuz has significant implications for global oil supply security and geopolitical relations with Iran.
President Donald Trump said Monday that the United States would be paid for guarding the Strait of Hormuz after declaring that it would be “taking over” the strategic waterway.
“We’ll become the guardian of the Strait,” Trump told “Fox and Friends,” adding that the US had been guarding it for “nothing” but now would be reimbursed by wealthy nations.
“We’re going to get paid for guarding it. A lot of money, but we just want to be reimbursed for doing all of this, for putting our people in danger.”
The US president’s comments came after US and Iranian attacks on a scale unseen since an April ceasefire in the conflict in the Middle East, adding to doubts about efforts to bring a permanent end to the war that has halted shipping through the strait.
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