US President Donald Trump said there would be no tolls for vessels passing through the Strait of Hormuz during the 60-day ceasefire period established under the memorandum of understanding with Iran.
In a post on Truth Social on Saturday, Trump wrote: “There will be NO TOLLS in the Hormuz Strait for 60 days during the Cease Fire Period, and there will be NO TOLLS after the 60 day period has expired, unless they are imposed by and for the United States of America.”
Under the terms of the memorandum, the Strait of Hormuz is expected to reopen for an interim 60-day period after being closed during the conflict that began on 28 February.
During that period, Iran is reportedly prohibited from charging vessels for passage through the strategic waterway.
