Trump says US will begin charging tolls in Strait of Hormuz if final Iran deal not reached in 60 days
AI Summary
Following a US-Iran ceasefire agreement, the Strait of Hormuz reopened to commercial shipping with 25 vessels transiting on the first day; Iran implemented mandatory insurance documentation for passing ships through its Persian Gulf Strait Authority, with free coverage for 60 days but potential future charges signaled, raising industry concerns. The Trump administration declared no tolls would be permitted.
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President Trump threatened on Saturday afternoon to impose tolls in the Strait of Hormuz if a deal with Tehran is not completed within 60 days, a warning that comes as U.S. and Iranian officials offer differing accounts of who controls the strategic oil corridor.
Trump claimed in a Truth Social post that there would be “NO TOLLS” in...
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