Source snapshotPublisher wording captured Jul 13, 2026, 3:18 PM
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world
Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo: Trump
"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," Trump said earlier in a phone interview on Fox News.
WASHINGTON: President Donald Trump said on Monday (Jul 13) that the United States was reinstating a naval blockade on Iran and would be reimbursed 20 per cent on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway.
"The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran.
We are reinstating THE IRANIAN BLOCKADE," Trump said on Truth Social.
"The USA ... will be reimbursed, at the rate of 20 per cent on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World," he said.
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