US President Donald Trump has threatened to impose a toll on the Strait of Hormuz, one of the world’s most important waterways for trade, if ongoing talks to end the Iran war fail. He said the toll could be used to compensate for the US’s long-standing defense spending in the Middle East.
President Trump issued this warning in a post on his social media account Truth Social on Saturday morning, US local time.
Donald Trump wrote on Truth Social that if no deal is ultimately made with Iran, the United States will impose a toll on the Strait of Hormuz. The money from the toll will go directly to the United States treasury.Read more
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Referring to the United States as the “guardian angel” of Middle Eastern countries, Trump said that US forces have been providing security to the countries of the region for a long time. The plan to impose this toll is to recover the huge amount of money Washington is spending on this security.
A large portion of the world’s oil passes through the Strait of Hormuz every day. Analysts fear that the threat of a US toll on this strategically sensitive waterway could cause major instability in international oil prices and global politics.
