Trump announces US as 'Guardian of the Hormuz Strait,' proposes $30 mn cargo fee; here's how it compares with Tehran's
As tensions between the United States and Iran escalate, US President Donald Trump on Monday (local time) declared that Washington would likely assume control of
As tensions between the United States and Iran escalate, US President Donald Trump on Monday (local time) declared that Washington would likely assume control of the Strait of Hormuz, describing the country as a "future guardian" of the crucial waterway. He made these remarks while speaking with Fox News and said the US would assume the role of "The Guardian of the Hormuz Strait," reiterating that the vital maritime chokepoint would remain open "with or without Iran". Quick answers to key questions ā¢ 5 QUESTIONS 1 What did Trump propose regarding the Strait of Hormuz? āµ Trump proposed that the United States would become the 'Guardian of the Hormuz Strait' and charge a 20% cargo fee for ships transiting the waterway. 2 How does Trump's 20% cargo fee compare to Iran's proposed charges? āµ Trump's proposed fee would amount to nearly $30 million for a fully loaded supertanker, significantly higher than Iran's ad hoc charge of $2 million per journey. 3 Why is the US reinstating the naval blockade on Iran? āµ The US reinstated the naval blockade in response to attacks by Iran's Islamic Revolutionary Guard Corps on commercial vessels transiting the Strait of Hormuz. 4 What reactions has the shipping industry had to Trump's proposal?
āµ The shipping industry has reacted with skepticism, indicating that they have received no prior information about the proposed fee and questioning its potential impact on transit decisions. 5 Should other countries comply with the US's proposed charges for the Strait of Hormuz? āµ That remains uncertain, as the UN has stated there is no legal basis for charging mandatory tolls on vessels merely transiting international straits like the Strait of Hormuz. Trump further said, "We're going to keep the strait, and we'll probably run it. We'll become the guardian of the strait. Maybe we'll call it the guardian angel of the strait. And we should be reimbursed for that." Here's how Trump's proposed fee compares with Iran's proposed charges He has proposed a 20% reimbursement on cargo transported through the Strait of Hormuz, a move that would amount to nearly $30 million for a fully loaded oil supertanker, Bloomberg reported. The US President's latest demand is based on current oil prices of roughly $80 per barrel. Supertankers can hold roughly two million barrels of crude. In comparison, Iran had been charging $2 million per journey on an ad hoc basis. Reacting to Trump's latest proposal, Iran's Foreign Minister Abbas Araghchi, in a post on X, wrote, "POTUS is absolutely right.
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