Home/MARKETS/AFRICA/Article
Breaking NewsFeaturedMARKETS

Trump pledges no tolls for Strait of Hormuz unless US collects them

President Donald Trump declared on Saturday that passage through Strait of Hormuz will be toll-free for a 60-day ceasefire, unless the United States decides otherwise. This announcement prompts speculation about possible future tolls, especially since Iran's military asserts control over the strait, adding complexity to upcoming negotiations in Switzerland.

BRIC Team
BRIC Team
Jun 20, 2026 · 2 min read · 7 views
Trump pledges no tolls for Strait of Hormuz unless US collects them

Key Takeaways

  • President Trump announced a 60-day ceasefire in the Strait of Hormuz, prohibiting Iran from charging tolls during this period.
  • Iran's military claims to have closed the Strait of Hormuz, citing a 'clear breach' of the memorandum of understanding.
  • Nearly 20 percent of the world’s oil and gas supply passes through the Strait of Hormuz, highlighting its global significance.
  • Negotiations are set to begin in Switzerland with an Iranian delegation led by Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi.
  • Trump suggested a potential fee structure for U.S. passage through the strait, framing it as compensation for acting as a 'Guardian Angel' in the region.

President Donald Trump on Saturday announced no tolls for passage through Strait of Hormuz during 60-day ceasefire, unless U.S. decides otherwise. His comments tied to new memorandum of understanding (MOU) between U.S. and Iran.

Ceasefire terms bar Iran from charging vessels during this period. Yet Iranian military claims the strait is closed, calling it a “clear breach” of MOU. U.S. Central Command (CENTCOM) denies this,saying maritime traffic still flows through vital waterway.

Strait of Hormuz historically crucial for global oil and gas . Nearly 20% of world’s supply passes through. Any closure spikes global fuel prices,disrupts agriculture. Trump had enforced naval blockade on Iranian ports, lifted under new ceasefire .

MOU not meant as long-term solution . Just a framework for future talks on issues like Iran's nuclear program. Notably, memorandum doesn’t stop Iran from imposing tolls after 60 days,leaving potential for disputes.

Trump's Saturday post suggests shift on tolls. He said, “There will be NO TOLLS... unless imposed by and for United States.” Raises questions about U.S. charging fees, a notion he floated in The New York Times,advocating “permanently toll-free” status for strait.

Trump suggested any tolls would compensate U.S. for being “Guardian Angel” in Middle East. Fee structure could come if talks falter. He asked in April why U.S. shouldn’t charge tolls,given America's role in conflict.

Iranian officials won’t rule out tolls,framing it as national sovereignty issue. Strait, between Iran and Oman,remains key negotiation point. Israeli military operations in Lebanon complicate situation,as Iran ties strait closure to Israeli attacks causing casualties.

Talks expected soon,with Pakistan as mediator. Negotiations set in Switzerland,where Iranian delegation led by Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi has arrived. U.S. team includes Trump’s son-in-law Jared Kushner, envoy Steve Witkoff, and VP JD Vance. How will this unfold…

#News

Share this article

Related Articles

Foreign buyers halt villa purchases in Thailand as nominee loophole closes

Foreign buyers halt villa purchases in Thailand as nominee loophole closes

Thailand's Department of Business Development has discovered 11,426 companies in Koh Phangan and Koh Samui that have foreign stakes, leading to a crackdown on illegal nominee structures. This increased scrutiny is making potential buyers think twice about investing in luxury villas, as foreign transactions in Phuket and Koh Samui have soared to as high as 90 percent.

BRIC Team

Jun 21, 20262 views
Three Indian oil tankers transit Strait of Hormuz with 94 crew members

Three Indian oil tankers transit Strait of Hormuz with 94 crew members

On Saturday, three Indian-flagged crude oil tankers—Desh Vaibhav, Desh Vibhor, and Sanmar Herald—successfully passed through Strait of Hormuz, transporting more than 8.6 lakh metric tonnes of cargo. These vessels are set to arrive at Indian ports between June 24 and July 1, showcasing India's maritime strength in securing energy supplies.

BRIC Team

Jun 21, 20262 views
BHEL and Coal India invest Rs 25,000 crore in Odisha coal gasification project

BHEL and Coal India invest Rs 25,000 crore in Odisha coal gasification project

Bharat Heavy Electricals Limited and Coal India Limited are set to invest ₹25,000 crore in a coal gasification project in Odisha, as Union Minister G Kishan Reddy recently announced. This initiative is designed to boost fertilizer production and generate job opportunities, promising to significantly reshape the industrial landscape of the region.

BRIC Team

Jun 21, 20267 views
River Road Asset Management trims Amgen stake by 40.7% to $7.21 million

River Road Asset Management trims Amgen stake by 40.7% to $7.21 million

River Road Asset Management LLC has reduced its stake in Amgen Inc. by 40.7%, offloading 15,112 shares and now holding 22,044 shares worth around $7.21 million. This decision aligns with a trend where institutional investors own 76.5% of Amgen’s stock, highlighting ongoing market adjustments.

BRIC Team

Jun 21, 20266 views
India boosts LPG imports from US and Iran amid West Asia conflict

India boosts LPG imports from US and Iran amid West Asia conflict

India has overhauled its LPG import strategy, boosting purchases from U.S. and Iran to lessen dependence on Gulf countries. By April 2026, imports from U.S. are expected to account for one-third of total LPG. This change has resulted in a 20% decline in LPG consumption in May, influenced by climbing prices and supply limitations.

BRIC Team

Jun 20, 20268 views
Trump proposes tolls for ships passing through Strait of Hormuz if US-Iran talks fail

Trump proposes tolls for ships passing through Strait of Hormuz if US-Iran talks fail

President Donald Trump revealed that U.S. might implement tolls on ships navigating through Strait of Hormuz following a 60-day ceasefire, should talks with Tehran not succeed. This action could have a major impact on global shipping and oil prices, underscoring U.S. involvement in safeguarding crucial maritime routes.

BRIC Team

Jun 20, 202612 views