Trump Collects 20 Percent of the Value of Cargo Ships Crossing the Strait of Hormuz

JAKARTA - US President Donald Trump has said he will reimpose a blockade on Iranian ships in the Strait of Hormuz and will charge other ships that pass through.

"The Strait of Hormuz is OPEN, and will remain OPEN, with or without Iran. We will reimpose the IRAN BLOCKADE—so called because this blockade only stops Iranian vessels or customers from entering or leaving. All other countries will be able to use the Strait fairly and openly," he said in a post on Truth Social, as reported by CNN, Monday, July 13.

Trump reiterated that the US would act as the "guardian" of the Strait of Hormuz and would charge commercial shipping companies 20% of the value of their cargo as compensation for the US for securing the strait.

"From now on, the US will be known as 'GUARD OF THE HORMUZ STRAIT', but as a consequence - and for the sake of JUSTICE - the US will receive a cost reimbursement of 20% of the value of all transported cargo, to cover all costs required in carrying out the task of ensuring safety and security in this highly conflict-prone region of the world," he said.