Trump: No tolls on Strait of Hormuz during ceasefire, Iran threatens closure

U.S. President Donald Trump announced on Saturday that shipping through the Strait of Hormuz will remain free for 60 days during a ceasefire and will continue to be free afterward. Trump made the statement on his Truth Social platform, adding a caveat that the U.S. could impose fees in the future if a peace deal with Iran falters, potentially as a "reward for services rendered" and to recoup incurred costs.

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There will be NO TOLLS in the Hormuz Strait for 60 days during the Cease Fire Period, and there will be NO TOLLS after the 60 day period has expired.

This declaration comes as Iran's military declared its intention to close the vital waterway. According to an Iranian military statement, the closure is a direct response to alleged U.S. violations of a peace memorandum of understanding (MoU). Iran specifically accused the U.S. of failing to implement the first clause of the agreement, which mandates a ceasefire on all fronts, including Lebanon.

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In light of the US's flagrant violation of its promises and failure to implement the first clause of the MoU to end the war, and in response to Israel's continued violations of the ceasefire in southern Lebanon.

The Iranian armed forces headquarters stated, "The closure of the Strait of Hormuz is hereby announced." This move by Iran signals a significant escalation in regional tensions, directly challenging the U.S. stance on freedom of navigation in the strategic strait.

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The closure of the Strait of Hormuz is hereby announced.