US President Donald Trump has declared that Washington will not permit Iran to levy tolls on ships passing through the Strait of Hormuz.
The statement, made on Monday, underscores the administration's determination to prevent any financial barriers from disrupting one of the world's most vital energy trade routes.
Any disruption or added cost to shipping in the corridor can quickly translate into higher freight rates and elevated crude prices, particularly for Brent and WTI benchmarks.
Trump's comments follow earlier reports that Iran has assured the United States it will not impose tolls, insurance costs, or other charges on vessels transiting the strait.
The US president framed the issue as a non-negotiable matter of international transit rights, suggesting that any attempt by Tehran to monetize passage would be met with immediate opposition.
The Strait of Hormuz remains a focal point for global energy markets, with roughly a fifth of the world's oil consumption passing through the narrow waterway daily.
Any disruption or added cost to shipping in the corridor can quickly translate into higher freight rates and elevated crude prices, particularly for Brent and WTI benchmarks.