Trump Announces Resumption of 'Iranian Blockade' in Hormuz, Will Charge 20% Fee on Cargo
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- U.S. President Donald Trump announced a resumption of the "Iranian Blockade" in the Strait of Hormuz.
- Under this measure, only Iranian vessels or those carrying Iranian cargo will be restricted from the strait.
- Trump stated the U.S. will charge 20% of the total cargo value for maintaining security in the vital waterway.
President Donald Trump has declared a resumption of what he termed "THE IRANIAN BLOCKADE" in the Strait of Hormuz, stating the U.S. will charge a fee for ensuring the waterway's security. Trump announced on his Truth Social platform that the Strait of Hormuz remains open and will continue to be accessible, but with new conditions. "We are resuming THE IRANIAN BLOCKADE. This is a measure to prevent Iranian ships or ships with Iranian customers from entering or leaving the Strait of Hormuz," he stated. "All other nations will be able to use the strait freely and fairly."
The U.S. president proclaimed that America would henceforth be known as "THE GUARDIAN OF THE HORMUZ STRAIT." He further elaborated on the financial aspect of this new policy, asserting, "To ensure fairness, we will be compensated for all costs necessary to maintain the safety and security of one of the world's most unstable maritime regions. This compensation will be 20% of the total value of all cargo transported."
We are resuming THE IRANIAN BLOCKADE. This is a measure to prevent Iranian ships or ships with Iranian customers from entering or leaving the Strait of Hormuz. All other nations will be able to use the strait freely and fairly.
Trump indicated that the procedures and system for implementing this charge would commence immediately. This announcement introduces a significant shift in U.S. policy regarding maritime security and transit through the strategically vital Strait of Hormuz, potentially impacting global trade and regional dynamics.
To ensure fairness, we will be compensated for all costs necessary to maintain the safety and security of one of the world's most unstable maritime regions. This compensation will be 20% of the total value of all cargo transported.
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.