Donald Trump announced on June 14, 2026 [1], that he would no longer impose a 20% toll [1] on ships passing through the Strait of Hormuz.
The decision impacts one of the world's most critical maritime chokepoints, where any disruption to shipping can cause immediate volatility in global energy markets.
Trump said the toll would hinder the free flow of oil and said that he wanted to encourage global trade [1]. The Strait of Hormuz is located between Oman and Iran, serving as a primary artery for oil exports from the Persian Gulf.
"I have decided not to charge a 20% toll on the Hormuz Strait. Let the oil flow," Trump said [1].
The proposal for a 20% [1] fee had previously raised concerns among international shipping companies and energy analysts regarding the cost of transporting crude oil. By removing the proposed charge, the former president indicated a shift toward prioritizing the movement of commodities over the implementation of the toll.
This announcement comes as the region remains a focal point of geopolitical tension. The decision to drop the fee aims to prevent further economic friction in a corridor already sensitive to political instability.
“"I have decided not to charge a 20% toll on the Hormuz Strait. Let the oil flow."”
The reversal of the toll proposal suggests a priority on global market stability over the potential revenue or leverage provided by transit fees. Because the Strait of Hormuz is essential for a significant portion of the world's oil supply, the removal of a 20% cost barrier prevents a likely increase in global energy prices and reduces the risk of diplomatic escalation with regional powers.
