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Iran's Foreign Minister Backs Transit Fee Concept but Rejects Trump's 20% Strait Rate on July 13

2026-07-13 20:37:11

According to Iran's Foreign Minister Abbas Araghchi on July 13, Iran supports the principle that entities providing security and stability in the Hormuz Strait should receive compensation for that service. However, Araghchi stated the 20% fee rate proposed by U.S. President Donald Trump is excessive, saying "Of course, 20% is too much. We will do it fairly." Araghchi emphasized on social media that "Iran has always been the guardian of the Hormuz Strait and will continue to be so forever." Trump announced on Truth Social that as the region's security provider, commercial vessels transiting the strategic waterway would be charged at a rate equivalent to 20% of cargo value. Araghchi's measured response appears to acknowledge the fee concept while implicitly criticizing Trump's specific rate.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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