U.S. President Donald Trump has announced plans to reinstate sanctions on Iran and introduce a 20 per cent charge on cargo passing through the Strait of Hormuz, saying the strategic waterway would remain open regardless of Tehran’s position.
Speaking on the latest developments in the Gulf, Trump said commercial shipping through the Strait of Hormuz would continue “with or without” Iran, adding that vessels transporting cargo through the route would be subject to the proposed transit fee.
The announcement signals a further escalation in tensions between Washington and Tehran following renewed hostilities in the region.
Iran, however, questioned the future of the diplomatic framework reached in June.
Foreign Ministry spokesman Esmaeil Baghaei said the memorandum of understanding that underpinned negotiations between both countries and led to the easing of U.S. restrictions was now facing significant challenges.
He warned that Iran would no longer consider itself bound by the agreement if the United States failed to honour its commitments.
Despite the growing tensions, Baghaei said Tehran remained engaged in diplomatic efforts, noting that discussions with mediators from Qatar, Pakistan and Oman were continuing in a bid to prevent further escalation.
The earlier U.S. sanctions regime, which was in force between April and June, significantly curtailed Iranian oil exports and placed additional pressure on the country’s energy sector.
The latest U.S. proposal, if implemented, could further heighten uncertainty around global energy markets, as the Strait of Hormuz remains one of the world’s busiest oil and liquefied natural gas shipping routes.
