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President Trump threatened on Saturday afternoon to impose tolls in the Strait of Hormuz if a deal with Tehran is not completed within 60 days, a warning that comes as U.S. and Iranian officials offer differing accounts of who controls the strategic oil corridor.
Trump claimed in a Truth Social post that there would be “NO TOLLS” in the waterway during or after the ceasefire period unless the two sides fail to reach a final agreement by then.
“…there will be NO tolls after the 60 day period has expired, unless they are imposed by and for the United States of America, should the deal not be completed, for services rendered as the Guardian Angel to the countries of the Middle East for purposes of both past, present, and future reimbursement of costs,” the president wrote from Camp David, where he is spending the weekend.
Trump may be referring to the U.S. military initiative that has helped safely guide commercial vessels through the Strait of Hormuz, including an early June operation that he said secretly moved over 100 million barrels of oil and 200 ships.
The Gulf channel, which transports about 20 percent of the world’s daily oil supply during peacetime, has served as Iran’s main point of leverage in the conflict.
Its on-again, off-again blockade has choked off supply routes, roiling the global economy and causing crude oil prices to briefly peak at near record-highs of $126 per barrel in late April.
Oil prices fell earlier this week on the news that the Strait would fully reopen as a condition of the agreement reached between the two nations, and Vice President JD Vance claimed on Saturday that a “record” 16 million barrels of oil had moved through the waterway over the past 24 hours.
“One of the things the president has set us out to do as a high priority is to open the Strait. That’s now happened,” Vance said in a morning interview with “Fox & Friends Weekend.”
The vice president’s assertion contradicted an announcement from Iran’s joint military command that it intended to close the corridor again due to ongoing Israeli strikes in Lebanon, which have continued even after the two sides agreed to stop fighting.
“In view of the United States’ bad faith and its clear breach of its commitments by failing to implement the first article of the memorandum ending the war, and in response to the continuous and ongoing violation of the ceasefire by the Zionist regime in southern Lebanon… It hereby announces that the Strait of Hormuz will be closed to the passage of vessels,” Khatam al-Anbiya Central Headquarters said in a statement reported by state broadcaster IRIB.
U.S. Central Command has disputed that claim, which comes as representatives from both countries are set to hold an initial round of technical-level talks in Switzerland starting Sunday. The U.S. delegation consists of Vance, special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner.
The interim framework sets a 60-day window for the U.S. and Iran to hammer out the terms of a deal on Tehran’s nuclear program. It can be extended, but only if the two sides agree.
“I don’t view it as hard [deadline],” Trump previously told reporters. “Just as long as they’re behaving, I really don’t care that much.
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