Shipping industry representatives expressed surprise and skepticism regarding the announcement. Iran's foreign minister acknowledged compensation for safe passage but found the percentage high.

US President Donald Trump has said that the United States will reinstate a blockade of Iran's seaports and require a 20% fee on the value of cargo transported through the Strait…

Other countries and industries reliant on traffic through the narrow waterway have insisted it should be free to access, without tolls or other maritime service charges