Trump says Iran 'better stop' tolling oil tankers in Hormuz Strait
CNBC • • nation
Key Points:
- President Donald Trump warned Iran on Truth Social to stop charging fees to oil tankers passing through the Strait of Hormuz, escalating tensions shortly after a fragile ceasefire began.
- Trump had previously agreed to a two-week suspension of hostilities on the condition that Iran immediately and safely reopen the Strait of Hormuz, a crucial route for about 20% of the world's oil supply.
- Despite the ceasefire, vessel traffic through the strait remains heavily restricted, and Iran reportedly plans to charge shipping firms fees payable in cryptocurrency for passage.
- Trump asserted that Iran would never acquire a nuclear weapon under his watch and predicted that oil flow would resume soon, with or without Iran's cooperation.
