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The Economic Times
The Economic Times
National

Trump says US will be 'guardian' of Strait of Hormuz, impose 20% cargo levy

US President Donald Trump on Monday claimed the United States was "taking over" the strategically vital Strait of Hormuz from Iran, accused Tehran of backing out of an agreement reached with Washington, and said the US would act as the "guardian" of the key global oil shipping route.

In a post on Truth Social later on Monday, Trump expanded on the proposal, declaring that the Strait of Hormuz "is OPEN, and will remain OPEN, with or without Iran," and announced the reinstatement of what he called the "Iranian blockade", which he said would only prevent Iranian ships or their customers from entering or leaving the waterway.

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