The China Mail - Trump reimposes Iran naval blockade, threatens Hormuz fees

USD -
AED 3.673026
AFN 63.000366
ALL 80.15939
AMD 363.440085
ANG 1.790365
AOA 916.99972
ARS 1515.990901
AUD 1.420031
AWG 1.8
AZN 1.683254
BAM 1.712962
BBD 2.013821
BDT 122.932477
BGN 1.683441
BHD 0.37695
BIF 3000
BMD 1
BND 1.277595
BOB 10.867156
BRL 5.162599
BSD 0.99986
BTN 95.678145
BWP 13.595481
BYN 3.027431
BYR 19600
BZD 2.01093
CAD 1.409435
CDF 2310.000279
CHF 0.824015
CLF 0.024404
CLP 963.620227
CNY 6.711349
CNH 6.711075
COP 3292.13
CRC 453.685538
CUC 1
CUP 26.5
CVE 97.250035
CZK 21.44175
DJF 177.720446
DKK 6.563599
DOP 59.450034
DZD 133.903899
EGP 51.420199
ERN 15
ETB 163.319699
EUR 0.87798
FJD 2.237196
FKP 0.750528
GBP 0.754775
GEL 2.59503
GGP 0.750528
GHS 11.585003
GIP 0.750528
GMD 74.00031
GNF 8750.000302
GTQ 7.63211
GYD 209.186734
HKD 7.843395
HNL 26.837396
HRK 6.6152
HTG 130.683635
HUF 320.695497
IDR 17896
ILS 3.03393
IMP 0.750528
INR 95.84645
IQD 1309.814191
IRR 1374575.000286
ISK 121.160089
JEP 0.750528
JMD 157.538176
JOD 0.70903
JPY 158.193974
KES 129.439858
KGS 87.449797
KHR 4054.823313
KMF 430.000184
KPW 900.000318
KRW 1366.610269
KWD 0.309199
KYD 0.833209
KZT 444.620586
LAK 22404.007848
LBP 89537.860574
LKR 328.955608
LRD 172.465735
LSL 16.310417
LTL 2.95274
LVL 0.60489
LYD 6.383128
MAD 9.57123
MDL 17.695844
MGA 4393.217489
MKD 53.88149
MMK 2099.577364
MNT 3597.923561
MOP 8.077068
MRU 40.034859
MUR 47.879632
MVR 15.460192
MWK 1733.73447
MXN 17.48236
MYR 4.079899
MZN 63.910346
NAD 16.310274
NGN 1323.820162
NIO 36.793911
NOK 9.49116
NPR 153.084711
NZD 1.761825
OMR 0.384507
PAB 0.99986
PEN 3.375476
PGK 4.454546
PHP 62.84201
PKR 277.084952
PLN 3.84022
PYG 5925.912951
QAR 3.645178
RON 4.630977
RSD 103.134956
RUB 84.772762
RWF 1475.675439
SAR 3.756768
SBD 8.026013
SCR 13.866488
SDG 601.498687
SEK 9.915065
SGD 1.279779
SHP 0.74758
SLE 24.650091
SLL 20969.491881
SOS 571.398543
SRD 37.822504
STD 20697.981008
STN 21.4581
SVC 8.748774
SYP 13002.000254
SZL 16.306476
THB 33.395008
TJS 9.253737
TMT 3.5
TND 2.95341
TOP 2.40776
TRY 48.829803
TTD 6.795649
TWD 31.791102
TZS 2649.997977
UAH 44.878367
UGX 3889.609025
UYU 40.078651
UZS 11798.503182
VES 851.341302
VND 26010.5
VUV 118.348377
WST 2.752527
XAF 575.916998
XAG 0.015477
XAU 0.000233
XCD 2.70255
XCG 1.801955
XDR 0.707052
XOF 575.916998
XPF 104.452317
YER 236.549962
ZAR 16.35505
ZMK 9001.19823
ZMW 19.472654
ZWL 321.999592
SSP 5712.590503
MXV 1.981384
  • CMSC

    -0.2800

    20.33

    -1.38%

  • GSK

    -0.9450

    49.775

    -1.9%

  • BTI

    -0.0200

    55.73

    -0.04%

  • BCC

    -0.7750

    78.225

    -0.99%

  • AZN

    -4.7500

    163.62

    -2.9%

  • CMSD

    -0.2100

    20.21

    -1.04%

  • NGG

    -1.5100

    75.35

    -2%

  • RBGPF

    -2.5300

    64.47

    -3.92%

  • RIO

    -2.3800

    95.11

    -2.5%

  • RYCEF

    0.1200

    20

    +0.6%

  • BCE

    -0.1100

    21.59

    -0.51%

  • BP

    1.3650

    44.465

    +3.07%

  • JRI

    -0.2550

    11.23

    -2.27%

  • RELX

    0.3000

    33.28

    +0.9%

  • VOD

    -0.2550

    16.365

    -1.56%

Trump reimposes Iran naval blockade, threatens Hormuz fees
Trump reimposes Iran naval blockade, threatens Hormuz fees / Photo: © AFP

Trump reimposes Iran naval blockade, threatens Hormuz fees

President Donald Trump reimposed a US naval blockade on Iranian ports on Monday and vowed hefty fees for ships transiting the Strait of Hormuz, as Tehran mockingly pledged to charge a lower rate for passage through the strategic waterway.

Text size:

The maritime blockade was due to begin at 2000 GMT on Tuesday, the US military said, as oil prices shot up around nine percent after both sides traded attacks, raising fears of renewed conflict.

Iran's top diplomat insisted Tehran would be a fair guardian in charging tolls on the waterway vital for oil and gas trade, while the Iranian military command insisted it would not allow the US to interfere in the management of the strait.

In a post on his Truth Social site, Trump declared that the US would be "known as 'THE GUARDIAN OF THE HORMUZ STRAIT'," and "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".

While Iran's ports would again be blockaded, he said, "all other countries will have fair and open use of the strait".

Iranian Foreign Minister Abbas Araghchi immediately mocked Trump's threat to impose swingeing fees, saying Tehran would charge a lower rate.

"POTUS is absolutely right. Whoever provides secure and safe passage of commercial vessels through the Strait of Hormuz should be compensated for this service," he wrote on X.

Tehran's top diplomat said Iran had "always been the GUARDIAN" of the strait and would "remain so FOREVER", claiming it would charge fair tolls for safe passage. "20% is of course too much," he said.

The competing claims over the strait came as the two sides traded attacks of a scale unseen since an April ceasefire came into effect.

The US military said it hit dozens of targets on Monday, while Iran's Revolutionary Guards announced new strikes in response on Bahrain, Jordan, Kuwait and Oman.

The US has vehemently opposed Tehran's desire to charge tolls in the strait, which international law generally forbids.

After Trump flipped the script on Monday, the spokesman for Iran's Khatam Al-Anbiya military command insisted that Tehran "under no circumstances will allow... the United States to interfere in the management" of the strategic waterway.

- 'In crisis' -

Despite last week declaring the ceasefire with Iran over, Trump has said negotiations aimed at finding a permanent settlement would continue.

He told Fox News that there were hours of talks on Sunday.

Iran's foreign ministry spokesman Esmaeil Baqaei said earlier on Monday that the June memorandum of understanding that formed the basis for the negotiations and lifted the US blockade was "in crisis".

The previous blockade, in place from April to June, cut off Iranian oil exports and threatened a damaging shutdown of the industry.

Baqaei said Iran would ignore its obligations under the deal if the US did the same, but nonetheless added that Tehran was continuing talks with mediators from Qatar, Pakistan and Oman in a bid to prevent further escalation.

Pakistan, a key intermediary in negotiations, expressed "deep concern at escalation in regional tensions", according to its foreign office.

But analyst Bader Al-Saif said the escalating attacks would merely delay a permanent agreement.

"Both sides want to end the impasse on their own terms, and they are increasingly finding it difficult to do so. Hence the return to and increase in the scale of attacks," said Al-Saif, an associate fellow at Chatham House.

- 'Heinous attacks' -

Iranian state media reported deaths in the latest US strikes, which it said targeted large areas across the south and west.

At least 25 people have been killed in Iran since hostilities resumed on Wednesday, according to an AFP tally based on Iranian announcements.

United Nations Secretary-General Antonio Guterres on Monday expressed "deep concern" at the regional escalation, including attacks by both sides.

Iran's Revolutionary Guards said they had struck US military targets and bases in Jordan, Bahrain and Kuwait, state media reported on Monday.

Air raid alerts sounded in Bahrain, where the military said it shot down a number of Iranian projectiles, while Kuwait's army said the country's forces were intercepting "hostile aerial targets".

Jordan's army said it had intercepted four Iranian missiles.

Iran insists that it only targets US interests in the Gulf, but on Monday afternoon, the spokesman for its military command said that any collaboration by Gulf countries with the United States would be considered "an act of war".

burs-dcp/jfx/dc

W.Tam--ThChM