Trump proposes 20% fee on cargo passing through Strait of Hormuz

The United States plans to introduce a 20 per cent “safe passage” charge on cargo transported through the Strait of Hormuz, under a proposal announced by President Donald Trump.

Trump disclosed the plan in a post on Truth Social on Monday, saying the levy would compensate the United States for the cost of securing one of the world’s most strategically important maritime routes.

According to the US president, vessels from all countries would continue to enjoy access to the waterway, but users would be required to contribute towards the cost of maintaining security in the region.

“The U.S.A. will, from this point forward, be known as ‘The Guardian of the Hormuz Strait,’” Trump said.

He added that the proposed charge would amount to 20 per cent of all cargo shipped through the strait and would be used to offset expenses incurred in providing safety and security along the volatile shipping corridor.

Trump said implementation of the policy would commence immediately, although details of its enforcement and collection mechanisms were not provided.

The announcement comes amid renewed tensions between Washington and Tehran following a breakdown in a ceasefire arrangement between the two countries.

The United States has resumed military operations against Iran, with Trump warning that Tehran would face severe consequences if it failed to reach an agreement with Washington.

Over the weekend, the US Central Command (CENTCOM) said it struck about 140 targets linked to Iran. Military operations reportedly continued into Monday, with infrastructure facilities hit and civilian casualties reported.

Iran, in turn, accused the United States of sabotaging diplomatic efforts mediated by Oman aimed at guaranteeing safe navigation through the Strait of Hormuz.

Tehran has since responded with attacks targeting US facilities in neighbouring Gulf states, further heightening fears of a wider regional conflict.

The latest escalation has also rattled global energy markets, with oil prices recording sharp gains amid concerns over potential disruptions to supplies passing through the critical shipping lane.

Brent crude, the international benchmark for oil prices, rose by 3.6 per cent to $78.70 per barrel, recovering significantly from recent levels of around $70 per barrel.

The Strait of Hormuz remains one of the world’s busiest energy transit routes, handling a substantial share of global crude oil exports, making any disruption in the area a major concern for international markets.If desired,