Topline

The U.S. may impose its own tolls on the Strait of Hormuz if its peace deal with Iran fails, President Donald Trump said Saturday, floating the idea hours after Iran said it closed the crucial oil shipping route, throwing peace talks into uncertainty.

Trump said in a Truth Social post there will be no tolls in the strait during the 60-day ceasefire created by the peace deal signed this week, as well as no tolls after the period expires, “unless they are imposed by and for the United States of America.”

Trump has previously expressed concerns about Iran imposing fees or tolls in the strait, but has never floated U.S.-imposed tolls prior to Saturday.