Trump Proposes 20% Hormuz Fee |Trump wants Gulf allies to pay for Hormuz protection

US President Donald Trump said Iran wants to "make a deal" while proposing that Gulf allies reimburse the United States for protecting the Strait of Hormuz. Trump also floated a 20% security fee on cargo passing through the strategic waterway, arguing that Washington should be compensated for ensuring maritime security. Iran swiftly rejected the proposal, with the Islamic Revolutionary Guard Corps asserting that the Strait of Hormuz is Iranian territory. Foreign Minister Abbas Araghchi also responded, saying Iran has always been the guardian of the strait, as US-Iran tensions continue to escalate and oil prices surge. #USMilitary #MiddleEast #GulfAllies #OilSupply #MilitaryStrikes #Moneycontrol Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom