Donald Trump said the toll U.S. imposed toll on Hormuz would help cover “any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.” File
| Photo Credit: Reuters
U.S. President Donald Trump said on Monday (July 13, 2026) that the United States is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge ships for safe passage, after another heavy exchange of fire threatened negotiations aimed at ending the war.He said on social media that Iranian ships will no longer be able to travel through the Strait and America would charge a 20% toll on eligible cargo, as the conflict with Iran has intensified after peace talks failed to deliver meaningful progress.“We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran's ships or customers from entering or leaving,” Mr. Trump said online. “All other countries will have fair and open use of the Strait.” The President said the toll would help cover “any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.” A fifth of the world's oil and gas passed through the strait before Iran asserted control over it after the start of the war.The latest exchange of fire was sparked by an Iranian attack on a container ship on Sunday (July 12, 2026) in the Strait of Hormuz. Iran has asserted control over the critical waterway for international oil and gas since the United States and Israel started the war on Feb. 28.Iran says it has the right to manage traffic through the strait and potentially charge fees in accordance with an interim peace deal reached last month. The U.S. and others dispute that, citing international law on freedom of navigation, and the American military has tried to establish an alternative route outside of Iranian control.Iran and the U.S. are nearly halfway through the 60-day period in which they were supposed to negotiate a permanent end to the war and an agreement on Iran's disputed nuclear program. Instead, a series of attacks over the strait have raised fears of a return to all-out war and further disruption to the global economy.Oil prices jumped nearly 5% on Monday (July 13, 2026) before falling back. U.S. benchmark crude, which had risen to nearly $120 a barrel at the height of the war, was trading at around $72.92. Markets were mixed."We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran's ships or customers from entering or leaving... The U.S.A. will be, from this point forward, known as "THE GUARDIAN OF THE HORMUZ STRAIT,"" - President Donald J. Trump 🇺🇸 pic.twitter.com/9iKOWCPq06— The White House (@WhiteHouse) July 13, 2026 Published - July 13, 2026 09:04 pm IST