Trump announces new Strait of Hormuz security policy

WASHINGTON: US President Donald Trump said that the United States would assume responsibility for securing the Strait of Hormuz and seek compensation by imposing a 20% transit fee on cargo passing through the strategic waterway, while reinstating restrictions targeting Iranian shipping.

In an interview with Fox News, Trump said the United States would become the “guardian” of the Strait of Hormuz, arguing that countries benefiting from the route should help pay for its protection.

Trump accused Iran of violating a previous agreement and said Washington would restore what he described as an Iranian shipping blockade.

Under the proposed policy, he said, only Iranian vessels and their customers would be barred from using the strait, while ships from all other countries would continue to enjoy free passage.

In a subsequent post on his Truth Social platform, Trump said the Strait of Hormuz would remain open “with or without Iran” and reiterated that the United States would protect the vital maritime corridor. He also said all cargo transiting the waterway would be subject to a 20% fee to help cover the costs of providing maritime security.

Trump further claimed that Iran’s naval, air and missile capabilities had been severely degraded in recent hostilities, warning that Tehran would face serious consequences for violating agreements.

The Strait of Hormuz is one of the world’s most critical maritime chokepoints, handling a significant share of global oil exports. Any changes to access or security arrangements could have major implications for international energy markets and global trade.