
2 months · 35 summary articles
President Donald Trump warned on Sunday that the United States may impose transit tolls on the Strait of Hormuz if Iran fails to finalise a peace deal within 60 days, escalating tensions after a fragile US-Iran agreement reopened the strategic waterway. Speaking to reporters, Trump said Washington would not tolerate any disruption to global oil flows and left open the possibility of charging fees for passage through the chokepoint, which carries about a fifth of the world’s seaborne crude. “Iran has 60 days to finalise a deal or face consequences,” Trump stated, adding that the US had already moved 87 oil tankers through the strait under naval escort after degrading Iranian radar systems .
Commercial traffic through the Strait of Hormuz rebounded sharply on Saturday, with 25 ships—including four supertankers carrying at least 8 million barrels of crude from Saudi Arabia and the UAE—transiting the waterway bound for Japan, South Korea, Pakistan, Singapore, India, and China . The surge followed the US-Iran Islamabad Memorandum, which ended a three-month blockade and reopened the strait to commercial shipping. However, industry experts cautioned that normalcy remains elusive until approximately 80 naval mines are cleared from the main channel .
Japan secured a breakthrough on Friday when a Japan-linked vessel detained in the Persian Gulf successfully transited the strait and sailed toward Tokyo, Prime Minister Sanae Takaichi announced . The development came as Tokyo intensified diplomatic efforts to secure passage for dozens of remaining ships. Meanwhile, three Saudi Very Large Crude Carriers (VLCCs), carrying about 6 million barrels of crude, reappeared on tracking systems after a two-month silence, signalling a potential de-escalation in the region .
The US-Iran deal, signed electronically on 19 June, initially barred fees for 60 days, but Trump’s latest remarks suggest Washington may revisit the issue if negotiations stall . The warning drew mixed reactions, with Italian Prime Minister Giorgia Meloni reportedly urging caution to avoid rupturing ties with Washington . Analysts warn that any unilateral tolls could reignite hostilities and disrupt the fragile détente.
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