"20% Too Much, We Will Be Fair": Iran On Trump's Hormuz Fee Demand
Iran has responded to Donald Trump's proposal for a 20 percent fee on oil shipments passing through the Strait of Hormuz. Iranian official Abbas Araghchi called the figure excessive while expressing a willingness to negotiate fair maritime terms.
Iranian officials have addressed recent statements made by Donald Trump regarding a proposed 20 percent levy on oil tankers navigating the Strait of Hormuz. While rejecting the specific percentage as excessive, the administration indicated an openness to discussions centered on regional security and maritime fairness.
The reaction follows a post by Trump on his Truth Social platform, where he outlined a strategic plan for the crucial shipping lane. The proposal aims to monetize the security presence in the area, which currently facilitates a significant portion of the world's daily petroleum supply.
Tehran maintains that any fees associated with the strait must be balanced and reflective of international maritime law. The Strait of Hormuz remains one of the most sensitive geopolitical chokepoints, frequently at the center of energy security debates between Iran and Western powers.
Araghchi's comments followed a post by Trump on his Truth Social platform, in which he laid out his plan for the strait, according to Araghchi as cited in the local report.
