Iranian Foreign Minister Abbas Araghchi on Monday mocked US President Donald Trump over his vow to impose hefty charges on all cargo shipped through the Strait of Hormuz, saying Iran would charge a lower rate.

Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in the Strait of Hormuz. Not only that, Trump also…

Trump says Iranian ships and those trading with Iran will be barred, while other commercial traffic will pay a 20% transit fee.