Trump assured that Iran does not charge—and will not charge—a fee for passage through the Strait of Hormuz
U.S. President Donald Trump stated that Iran does not charge any tolls or insurance fees to civilian vessels passing through the strategic Strait of Hormuz. He warned Tehran that the United States would immediately halt the current negotiation process if this information turned out to be false.
Trump called reports of the imposition of tariffs “provocative fake news” and separately emphasized that Washington has not yet transferred any financial resources to the Islamic Republic.
According to the American leader, all frozen Iranian assets remain under full U.S. control. Should a decision be made to partially unfreeze these assets, the funds will be mandatorily directed exclusively to American farmers and ranchers for the purchase of soybeans, corn, and wheat, with the aim of subsequently supplying food to Iran’s civilian population.
This was reported by the American publication The Wall Street Journal.
As a reminder, global prices for Brent crude oil fell following the conclusion of talks between the U.S. and Iran in Switzerland, during which Tehran announced that it had secured exemptions regarding the export of oil and petrochemical products. This eased market concerns about a potential supply shortage.
Global oil prices fell sharply on Thursday, June 19, amid reports of an agreement between the U.S. and Iran. Brent futures fell to $77.96 per barrel, while WTI futures dropped to $74.96, their lowest levels since late February.
The U.S. and Iran will create a $300 billion fund to revive the economy — Reuters.
Peace on Tehran’s terms: why the deal with Iran looks more like a U.S. capitulation.
