Ships passing through the Strait of Hormuz face a 20 percent “safe passage” fee under a proposal by the United States.
The levy, announced by President Donald Trump in a Truth Social post on Monday, would help cover the cost of maintaining security in the strategic waterway.
“All other countries will have fair and open use of the Strait,” he said.
“The U.S.A. will be, from this point forward, known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’ but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.
“The process and formation will begin immediately.”
Trump’s announcement comes as the US resumed strikes against Iran
