Iranian Foreign Minister Araghchi endorsed a proposal from President Trump to implement a 20% fee for commercial vessels transiting the Strait of Hormuz. Araghchi stated that any party providing secure and safe passage for these ships through the strategic waterway should be compensated.
The endorsement follows the announcement of a 20% transit levy aimed at commercial shipping traffic within the region. This 20% surcharge is designed to offset the costs associated with maintaining the safety of international trade vessels in the corridor.