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FINWIRES

Trump Warns Iran Over Reported Strait of Hormuz Toll

-- US President Donald Trump warned Iran on Thursday amid reports that Tehran has started charging transit fees on tankers navigating the Strait of Hormuz, as shipping through the key waterway remains largely restricted despite the ceasefire deal.

"There are reports that Iran is charging fees to tankers going through the Hormuz Strait," Trump said in a social media post on Truth Social, "They better not be and, if they are, they better stop now!"

In a subsequent post minutes later, Trump said oil is expected to start flowing soon, "with or without the help of Iran."

Under the casefire agreement, the Strait of Hormuz holds a key position, with Iran expected to keep the Strait open to international shipping and free of restrictions.

The US and Iran announced a two-week ceasefire on Tuesday, and the two sides are scheduled to hold direct talks in Pakistan this weekend despite reports of ceasefire violations.

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