whatsapp

Trump Warns Iran Against Imposing Hormuz Transit Fees on Oil Tankers

  • 0
  • 1132
/media/GA_VIfNGb2._3.webp © Image Copyrights Title

US President Donald Trump has warned Iran against imposing transit fees on commercial vessels passing through the strategic Strait of Hormuz, amid reports that Tehran is considering charging tolls as part of recent ceasefire arrangements. The White House issued a strong caution, stating that if such charges are being implemented, Iran “better stop now,” signaling firm opposition to any move that could disrupt global shipping or violate international maritime norms.

The warning follows reports that Iran may seek payments from oil tankers using alternative currencies such as the Chinese yuan or cryptocurrencies—raising concerns among Gulf nations and global shipping operators.

In a statement shared by the White House, Trump said: “There are reports that Iran is charging fees to tankers going through the Hormuz Strait — they better not be and, if they are, they better stop now.”

Ceasefire Under Scrutiny

The development comes amid a fragile, two-week ceasefire between the United States and Iran, which officials have described as conditional. The agreement includes provisions for the reopening of the Strait of Hormuz, a critical route through which a significant portion of the world’s oil supply is transported.

White House Press Secretary Karoline Leavitt said the administration’s firm stance, including demands for unrestricted maritime access, played a key role in securing Iran’s participation in the ceasefire.

She described the truce as a “victory” for the United States, adding that strong diplomatic pressure helped bring Tehran to the negotiating table.

Regional Concerns Rise

Despite the agreement, concerns persist over compliance. Reports of a drone attack targeting Kuwait after the ceasefire have raised questions among Gulf states about Iran’s commitment to halting hostilities and ensuring safe passage through the waterway.

The Strait of Hormuz remains one of the most strategically important maritime routes globally, linking major oil producers in the Middle East to international markets.

Shipping Activity Resumes

Early signs indicate that commercial vessel movements have begun to resume in the region following the ceasefire announcement. However, uncertainty over potential toll charges and security risks continues to weigh on shipping operations.

US officials have reiterated that military presence in the Gulf region will remain unchanged, emphasizing continued vigilance despite the pause in hostilities.

Uncertain Path Ahead

While both Washington and Tehran have framed the ceasefire as a step toward broader negotiations, analysts caution that unresolved issues—including maritime access, regional security, and enforcement mechanisms—could complicate progress toward a lasting agreement.

Related Posts
© Trump Warns Iran Against Charging Fees on Hormuz Shipping

Trump Warns Iran Against Charging Fees on Hormuz Shipping

Donald Trump has warned Iran against imposing fees on commercial vessels transiting the Strait of Hormuz, amid reports that Tehran may introduce toll charges for oil tankers. The White House said t...

  • 882
© Middle East Oil and Gas Recovery Could Take Months Despite Ceasefire

Middle East Oil and Gas Recovery Could Take Months Despite Ceasefire

Oil and gas production in the Middle East is expected to take months to recover despite a ceasefire, as logistical challenges and infrastructure damage continue to slow progress. Around 11 million ...

  • 589
© Dubai to Install EV Charging Stations at Mosques

Dubai to Install EV Charging Stations at Mosques

Dubai’s Islamic Affairs and Charitable Activities Department (IACAD) has signed an agreement with Emarat EV Charging Stations Company (UAEV) to install electric vehicle (EV) charging stations in mosqu...

  • 590
© Oil Plunges, Asian Stocks Surge After US-Iran Ceasefire

Oil Plunges, Asian Stocks Surge After US-Iran Ceasefire

Oil prices dropped sharply while Asian stock markets surged on Wednesday after the United States and Iran agreed to a two-week ceasefire, easing tensions in the region. The agreement includes the t...

  • 685
© Borouge Shareholders Approve $1.32 Billion Dividend for FY2025

Borouge Shareholders Approve $1.32 Billion Dividend for FY2025

Shareholders of Borouge Plc have approved a total dividend of $1.32 billion for the financial year 2025, reflecting the company’s strong performance and stable cash generation. The approval was con...

  • 591
© Jet Fuel Crisis Deepens as Airlines Cancel Flights, Raise Fares Globally

Jet Fuel Crisis Deepens as Airlines Cancel Flights, Raise Fares Globally

Airlines across Europe and global markets are cancelling flights, raising fares, and reducing routes as a worsening jet fuel crisis disrupts the aviation sector. The supply crunch is being driven b...

  • 382
© ADNOC Gas shareholders approve record $3.6 billion dividend for 2025

ADNOC Gas shareholders approve record $3.6 billion dividend for 2025

ADNOC Gas shareholders approved a record dividend payout of $3.584 billion for the 2025 financial year at the company’s Annual General Meeting, reaffirming its commitment to consistent shareholder ret...

  • 360
© Crude Prices Surge as WTI Hits $114, Brent Crosses $111 Amid Middle East Tensions

Crude Prices Surge as WTI Hits $114, Brent Crosses $111 Amid Middle East Tensions

Global oil markets surged sharply on Monday, with benchmark crude prices climbing to multi-year highs as escalating geopolitical tensions in the Middle East intensified concerns over supply disruption...

  • 374
© UAE Ranks Among World’s Top 10 Exporters as Trade Hits $1.63 Trillion

UAE Ranks Among World’s Top 10 Exporters as Trade Hits $1.63 Trillion

The United Arab Emirates has entered the world’s top 10 exporting nations for the first time, marking a significant milestone in its economic journey, according to the latest report by the World Trade...

  • 395
© U.S. Fighter Jet Shot Down in Iran; One Crew Member Rescued

U.S. Fighter Jet Shot Down in Iran; One Crew Member Rescued

A U.S. fighter jet was shot down over Iran, with one crew member rescued and a search ongoing for a second individual, according to U.S. officials cited in media reports. The aircraft, identified a...

  • 504
© Dubai Property Sales Reach Dh176.7 Billion in Q1 2026

Dubai Property Sales Reach Dh176.7 Billion in Q1 2026

Dubai’s property market recorded total sales of Dh176.7 billion in the first quarter of 2026, with nearly 48,000 transactions completed, reflecting sustained demand and steady price growth. Data fr...

  • 428
© Russian Urals Crude Surges Above $123 as Hormuz Blockade Reshapes Global Oil Trade

Russian Urals Crude Surges Above $123 as Hormuz Blockade Reshapes Global Oil Trade

Global oil markets are undergoing a sharp realignment as Russia emerges as a key beneficiary of supply disruptions triggered by the closure of the Strait of Hormuz amid escalating tensions in the Midd...

  • 404
© China Expands Digital Yuan Network by Adding 12 New Banks

China Expands Digital Yuan Network by Adding 12 New Banks

China has taken another step toward expanding its digital currency ecosystem, with the central bank approving 12 additional banks to participate in digital yuan operations. The announcement by the ...

  • 398
© Gold’s $31 Trillion Market Highlights Low Investor Allocation Despite Global Dominance

Gold’s $31 Trillion Market Highlights Low Investor Allocation Despite Global Dominance

The global gold market has reached an estimated valuation of $31 trillion, underscoring its position as one of the largest and most resilient asset classes in the financial system. Built on approximat...

  • 495
© Oil Prices Surge as Brent and WTI Jump Nearly 5% After Trump’s Iran Address

Oil Prices Surge as Brent and WTI Jump Nearly 5% After Trump’s Iran Address

Global oil markets witnessed sharp volatility on Thursday, with benchmark crude prices climbing significantly following fresh geopolitical developments linked to the ongoing U.S.-Iran conflict. Bre...

  • 416
© Asia Markets Rally as South Korea’s Kospi Surges on Hopes of Iran War De-escalation

Asia Markets Rally as South Korea’s Kospi Surges on Hopes of Iran War De-escalation

Asian stock markets staged a strong recovery on Wednesday, led by a sharp rally in South Korea, after renewed optimism emerged over a potential end to the ongoing Iran conflict. Investor confidence...

  • 396
© JetBlue Raises Checked Bag Fees as Iran Conflict Pushes Jet Fuel Costs Higher

JetBlue Raises Checked Bag Fees as Iran Conflict Pushes Jet Fuel Costs Higher

JetBlue has increased its checked baggage fees, citing mounting operating pressure as jet fuel prices continue to climb amid the ongoing Iran conflict. The revised charges took effect this week and ma...

  • 394
© China’s Factory Activity Returns to Growth, Hits One-Year High

China’s Factory Activity Returns to Growth, Hits One-Year High

China’s manufacturing activity returned to growth in March, recording its strongest performance in a year as factory output and export orders picked up. The official Manufacturing Purchasing Manage...

  • 78
© UAE Credit Reports Now Include Fines, Salaries and Pension Data

UAE Credit Reports Now Include Fines, Salaries and Pension Data

The UAE has expanded the scope of company credit reports, with authorities now including data on wages, fines, and pension obligations alongside traditional banking information. The update, introdu...

  • 519
© UAE Property Market Surges with Dh6 Billion Demand and Major Project Launches

UAE Property Market Surges with Dh6 Billion Demand and Major Project Launches

The UAE real estate sector continues to demonstrate strong growth momentum, driven by high-value transactions, large-scale project launches, and sustained construction activity across major emirates. ...

  • 309
Commnets 0
Leave A Comment