Trump: No Tolls in Strait of Hormuz Unless US Imposes Them if Iran Deal Fails

US President Donald Trump announced on his social media platform Truth Social that during a 60-day ceasefire and after its expiration, passage through the Strait of Hormuz will be toll-free, except for cases where tolls are levied by the United States if no agreement with Iran is reached. These tolls would be collected as payment for US 'guardian angel' services to Middle Eastern countries, covering past, present, and future costs.

On June 20, Iran's military leadership announced the re-closure of the Strait of Hormuz, alleging a US violation of the agreement. Trump had previously announced on June 15 a peace agreement with Iran, under which Tehran would fully unblock the strait for commercial vessels, and the US would lift its naval blockade of Iranian ports.

The signing of the memorandum was initially expected on June 19 in Switzerland, but on June 18, the US and Iran signed a memorandum of understanding on ending hostilities, which took immediate effect. Trump also reiterated threats to resume attacks if Iran fails to meet its obligations.

The framework agreement, to be finalized after the memorandum, includes a $300 billion investment fund for Iran's economy. The US had planned to allow Iran to immediately start selling oil and fuel under the ceasefire deal.