US President Donald Trump said there would be no tolls for vessels passing through the Strait of Hormuz during the 60-day ceasefire period established under the memorandum of understanding with Iran.

Peace talks between the U.S. and Iran have faced significant friction this weekend as Iran said it shut down the Strait of Hormuz.

Maritime traffic resumes in the Strait of Hormuz after a US-Iran ceasefire. UK warships by June 30, 2026 at 6.9% YES.

Trump said Iran would not impose tolls in the Strait of Hormuz after the 60-day period outlined in the MOU.