The United States has announced plans to impose a 20 per cent “safe passage” fee on cargo transported through the Strait of Hormuz, saying the levy will help fund security operations in one of the world’s busiest and most strategic shipping routes.

US President Donald Trump disclosed the proposal in a post on his Truth Social platform, stating that while all countries would continue to have access to the waterway, vessels carrying cargo through the strait would be required to contribute towards the cost of maintaining security.

Trump said the US would assume the role of protecting the Strait of Hormuz and argued that countries benefiting from safe navigation should help cover the expenses involved. He added that work on implementing the new arrangement would begin immediately.

The announcement comes amid renewed hostilities between the United States and Iran following the collapse of a ceasefire agreement. Washington has resumed military operations against Iranian targets, with Trump warning that further action would be taken unless Tehran agrees to a deal.

According to the US Central Command (CENTCOM), more than 140 targets were struck over the weekend, with military operations continuing into Monday. Iran has accused Washington of derailing diplomatic efforts led by Oman to guarantee the security of shipping through the strait and has responded with attacks on US facilities in neighbouring Gulf states.

The latest escalation has heightened concerns over global energy supplies, pushing crude oil prices higher. Brent crude, the international benchmark, rose about 3.6 per cent to approximately $78.70 per barrel after trading near $70 per barrel in recent weeks.

The Strait of Hormuz remains a vital maritime corridor for global oil exports, and any disruption to shipping through the route is closely watched by energy markets worldwide.