Trump threatens US tariffs in Strait of Hormuz if Iran talks fail

U.S. President Donald Trump has issued a stark warning, stating that the United States could impose tariffs in the Strait of Hormuz if ongoing negotiations with Iran collapse. This potential measure would come into effect after the currently planned 60-day truce period expires.

Trump clarified his position via his social media platform, Truth Social. "There will be no tax in the Strait of Hormuz during the 60-day truce period, and there will be no tax after the 60-day period, unless the US imposes it, if an agreement is not reached," he wrote.

Earlier, Iran's Islamic Revolutionary Guard Corps had issued its own warning, asserting that vessels approaching the Strait of Hormuz would be in danger. According to Iran's Fars news agency, the corps stated that ships "must not approach it, otherwise their safety will be threatened."

The Strait of Hormuz is a critical chokepoint for global oil transport. The potential reopening of the strait was a key point in a memorandum of understanding between Iran and the U.S., which calls for a cessation of hostilities. Iran's decision to potentially restrict passage is reportedly a response to "continuous violations of the ceasefire by the Zionist regime in southern Lebanon," with Iranian forces indicating that further steps would be taken if aggression continues.

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There will be no tax in the Strait of Hormuz during the 60-day truce period, and there will be no tax after the 60-day period, unless the US imposes it, if an agreement is not reached.