Trump threatens Hormuz takeover to collect tolls and 20% of oil if Iran deal fails
AI Summary
Iran's newly established Persian Gulf Strait Authority has signaled it could charge insurance fees or tolls on vessels transiting the Strait of Hormuz after an initial 60-day period, during which passage would remain free. President Trump responded by asserting no tolls would be imposed during ceasefire negotiations but threatened the US might impose its own tolls if no final agreement is reached, as both sides position themselves over control of the strategic waterway.
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President Donald Trump on Sunday said the United States will take control of the Strait of Hormuz, collecting tolls and 20% of the oil that flows through the waterway if negotiations between Washington and Tehran in Switzerland fall through.
Vice President JD Vance is meeting with Iranian officials on Sunday to finalize the terms of […] ...
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