JUST IN: US TO IMPOSE 20% ‘SAFE PASSAGE’ FEE ON SHIPS TRANSITING STRAIT OF HORMUZ
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By ‘Sefiu Ajape
Ships passing through the Strait of Hormuz could face a 20 per cent “safe passage” fee under a proposal by the United States.
The levy, announced by President Donald Trump in a Truth Social post on Monday, is intended to help cover the cost of maintaining security in the strategic waterway.
“All other countries will have fair and open use of the Strait,” Trump said.
‘The U.S.A. will be, from this point forward, known as “THE GUARDIAN OF THE HORMUZ STRAIT”, but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% 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.
“The process and formation will begin immediately.”
Trump’s announcement comes as the United States resumed strikes against Iran following the collapse of the ceasefire agreement between the two countries.
The US president has vowed to hit Iran “very hard”, accusing Tehran of failing to reach an agreement.
Over the weekend, the US Central Command (CENTCOM) said it struck 140 targets. The attacks continued into Monday afternoon, hitting infrastructure and reportedly killing civilians.
Iran accused the United States of undermining talks with Oman aimed at ensuring safe passage through the Strait of Hormuz and has since launched retaliatory strikes against US facilities in neighbouring Gulf countries.
The latest escalation has triggered a sharp rise in global oil prices. Brent crude, the international oil benchmark, climbed 3.6 per cent to $78.70 per barrel, up from its recent low of about $70 per barrel.
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