President Donald Trump on Monday said the U.S. will take over the Strait of Hormuz — and will be reimbursed “at the rate of 20% on all cargo shipped” for overseeing one of the world’s most critical oil passageways that has been at the center of the U.S.’s re-escalating war with Iran.
“We will become guardians of the strait,” Trump said during an interview with “Fox & Friends” on Monday morning. “We’re going to hit [Iran] very hard and keep the strait, and probably run it.”…
https://www.politico.com/news/2026/07/13/donald-trump-strait-of-hormuz-fee-00994508
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