Colombia Opens New Investigation Into Former President Álvaro Uribe Over Paramilitary Allegations 
Meloni Slams Trump Over G7 Photo Claim as U.S.-Italy Relations Deteriorate 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Keir Starmer Faces Growing Pressure as Reports Suggest Possible Resignation 
Zelenskiy Returns Polish Honor as WWII History Dispute Strains Ukraine-Poland Relations 
Israel-Hezbollah Ceasefire Takes Effect Amid Rising Tensions Over U.S.-Iran Deal 
Trump Questions USMCA Renewal as Trade Talks Continue 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
U.S.-Iran Talks Resume in Switzerland as Lebanon Ceasefire Boosts Hopes for Lasting Deal 
Iran Claims Strait of Hormuz Closure Amid Rising Middle East Tensions 
German Industry Employment Falls to Lowest Level in a Decade 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Gaza Death Toll Rises as Israeli Strikes Kill Nine Amid Ceasefire Stalemate 
U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees would be imposed after the ceasefire expires unless the United States decides to introduce them if negotiations with Iran fail.
In a post on Truth Social, Trump emphasized that maritime traffic through the strategically important Strait of Hormuz would remain free of tolls throughout the temporary truce. He added that any future charges would only be implemented by the United States and would serve as compensation for what he described as America’s role in protecting Middle Eastern nations and safeguarding critical shipping routes.
“There will be NO TOLLS in the Hormuz Strait for 60 days during the Cease Fire Period, and there will be NO TOLLS after the 60 day period has expired, unless they are imposed by and for the United States of America,” Trump wrote.
The statement comes amid heightened attention on the Strait of Hormuz, one of the world’s most important energy transit corridors. The narrow waterway connects the Persian Gulf to global markets and handles a significant share of international oil and liquefied natural gas shipments. Any disruption to traffic through the strait can have major implications for global energy prices and international trade.
Trump suggested that if a long-term agreement with Iran is not finalized, the United States could consider imposing tolls as reimbursement for its security efforts in the region. He characterized the U.S. as a “Guardian Angel” for Middle Eastern countries, citing past, present, and future costs associated with maintaining regional stability and protecting maritime commerce.
The announcement is likely to draw attention from global energy markets, shipping companies, and regional governments, as developments involving the Strait of Hormuz are closely monitored due to their potential impact on oil supplies, transportation costs, and geopolitical stability in the Middle East.
