Trump announced a 20% “compensation fee” on goods from the Strait of Hormuz to resume the blockade against Iran

The Zhitong Finance App learned that US President Trump announced a further upgrade of US military and security intervention in the Strait of Hormuz on Monday, saying that the US will levy a 20% “compensation fee” on all goods transported through the Strait of Hormuz to cover the military costs borne by the US to ensure the safety of this waterway.

Trump said in a social media post on the same day that the US will become the “guardian of the Strait of Hormuz” from now on and will levy a 20% fee on all goods transported through the strait based on the “principle of fairness” to cover all costs required to maintain the safety of this important global waterway.

At the same time, Trump also announced the resumption of the “blockade against Iran,” saying that the measure would prevent Iranian ships and related customers from entering and leaving the Strait of Hormuz, while ensuring that other countries can use this international waterway “fairly and freely.” “The Strait of Hormuz will remain open regardless of Iran's consent,” Trump stressed. He said that the relevant measures will be implemented immediately.

Notably, after the news was announced, market pricing showed that the expectation that the Federal Reserve would raise interest rates at least once in September was almost completely digested, and fully priced to raise interest rates twice until the end of March next year.

In an interview, Trump further stated that the US will not only continue to be responsible for the safety of the Strait of Hormuz in the future, but will also receive corresponding rewards as a result. Trump said that the US has been guaranteeing the safety of shipping in the Strait of Hormuz free of charge for decades, and this situation will come to an end. “We can no longer take on these responsibilities for free; we will continue to protect this strait, but this time we will get paid, and it will be a lot of money.”

He also said that the US will actually take over control of the Strait of Hormuz, adding that Iran “cannot do anything.”

At the time of Trump's latest statement, the US military continued to launch military attacks on Iranian targets. Earlier, Trump had announced that the US-Iran cease-fire agreement was “over,” and the conflict between the two sides once again escalated, driving international oil prices to continue to rise.

Meanwhile, due to the escalation of military conflict, ship traffic in the Strait of Hormuz has dropped to its lowest level in nearly five weeks, and market concerns about global energy supply and international shipping safety continue to heat up.

Furthermore, Trump also expressed his dissatisfaction with Iran's negotiators. He revealed that the two sides previously had 11-hour negotiations and once reached an agreement on the relevant agreement, but Iran then requested revisions to some of the details, causing the negotiations to once again stall.

Trump criticized Iran's negotiators as “professional negotiators,” and said that Iran has been working with successive US administrations by delaying negotiations for decades, and now the US will no longer accept this practice.