The International Maritime Organization said there is no legal basis for mandatory tolls in the Strait of Hormuz. Trump on Monday, said the U.S. military will protect all ship traffic through Hormuz, but will demand reimbursements - equivalent to 20% of the value of all cargo transported through the strait. He has ordered the U.S. Navy to reimpose its blockade of Iranian shipping.

Donald Trump demands that the U.S. receive payments equivalent to 20% of all cargo that is shipped through Hormuz - in exchange for the US Navy protecting the strait.

“We have always been consistent on our stance on fees – IMO stands firmly against charging fees for passage through straits used for international navigation,” a spokesperson said.