To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies.
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Developments in this update
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Trump says US could charge for Strait of Hormuz passage amid Iran war
Headline from Al Jazeera ·
Names this update
Iran’s Proposal to Collect Tolls in the Strait of Hormuz Violates Trade Norms
Headline from Military.com ·
Newest
A Strait of Hormuz "toll" would pose major economic and geopolitical risks, experts say
Oil prices pushed higher Sunday after President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz is not reopened Monday.
Gas, diesel and jet fuel prices are surging as President Donald Trump warns Iranian leaders to allow all vessels to transit through the Strait of Hormuz or face strikes.
President Donald Trump is demanding that Iran agree to reopen the Strait of Hormuz on Tuesday, threatening to escalate the conflict as oil prices surge.
President Trump on Wednesday said he is open to a controversial idea that would reshape global shipping lanes: allowing Iran to charge tolls on vessels passing through the Strait of Hormuz — if the US gets a cut of the action.
To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies.
By Kanishka SinghWASHINGTON, April 9 (Reuters) - President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history.
President Donald Trump slams reports that Iran is charging fees for tankers to travel through the Strait of Hormuz following a ceasefire deal reached with the regime in Tehran.
