00:03Donald Trump has announced a dramatic new move in the escalating confrontation with Iran.
00:10The U.S. president says Washington is reinstating what he called the Iranian blockade while
00:17declaring that the Strait of Hormuz will remain open with or without Tehran's cooperation.
00:23But there is another major element to Trump's plan. The United States, he says,
00:29will seek reimbursement at a rate of 20% on all cargo shipped through the strategic waterway.
00:36Trump says the money will cover the cost of providing safety and security in one of the world's most volatile
00:43maritime corridors.
00:45And according to the president, the process begins immediately.
00:50The announcement came after Tehran claimed it had closed the Strait of Hormuz, a vital artery for global energy supplies.
00:58Trump responded with a direct challenge. He declared that the waterway is open and will remain open,
01:06while saying the United States is prepared to take a dominant role in securing maritime traffic.
01:13In an interview with Fox News, Trump went even further.
01:17The president suggested that Washington could effectively take over responsibility for the Strait
01:23and become what he called its guardian angel.
01:27But Trump made clear that American protection would come at a price.
01:32He argued that other nations using the waterway are wealthy and that the United States cannot be expected to provide
01:40security without reimbursement.
01:42The proposed 20% charge could have enormous implications for global trade.
01:49The Strait of Hormuz is one of the world's most important energy choke points.
01:54Any disruption to shipping can send oil and gas prices surging, increase transportation costs, and fuel inflation far beyond the
02:03Middle East.
02:05Tehran says passage through the Strait remains suspended.
02:08Tehran announced the closure after what it described as an unauthorized transit and said permits would only be issued once
02:17stability and calm were restored.
02:20But Washington appears determined to challenge Iran's attempt to control access.
02:25Trump accused Tehran of breaking previous agreements and warned that the United States would hit Iran very hard.
02:35The Iranian Revolutionary Guards have responded with a warning of their own.
02:40The IRGC says regular shipping traffic can only be restored if U.S. military intervention in the waterway ends.
02:48It also warned that continued American interference could trigger even greater incidents affecting the global oil and gas sector.
02:58The confrontation is already moving beyond words.
03:02U.S. and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday.
03:09Tehran says it struck American military facilities across the Gulf while continuing to enforce its closure of the Strait of
03:17Hormuz.
03:17Oil prices have already been driven higher, and the latest escalation is casting serious doubt over the interim U.S.-Iran
03:27agreement signed only last month.
03:30That deal was intended to reopen the Strait, halt hostilities, and provide another 60 days for negotiations.
03:38Now, that fragile diplomatic process appears to be under severe pressure.
03:44The battle over Hormuz is rapidly becoming a test of military power, economic leverage, and control over global energy flows.
03:53Iran insists it can suspend passage, Trump insists the waterway will remain open, and Washington is now proposing a 20
04:04% charge on cargo for the cost of keeping it that way.
04:07The stakes could hardly be higher.
04:10A prolonged confrontation in the Strait of Hormuz could disrupt global supply chains, push energy prices even higher, and draw
04:20more military forces into an already expanding conflict.
04:24For now, neither side appears willing to back down.
04:28And as American and Iranian forces trade attacks, the world's most important oil choke point is once again at the
04:36center of a dangerous confrontation.
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