US President Donald Trump has said that Iran has formally assured Washington it is not imposing any tolls, insurance fees or additional charges on commercial vessels passing through the Strait of Hormuz, one of the world’s most critical maritime chokepoints. The statement comes amid sensitive negotiations between the two countries, with Trump warning that any false information from Tehran would immediately end talks.
Trump dismissed what he called “fake news” reports suggesting Iran was seeking payments from ships using the waterway. He said US officials had been informed directly that no charges were being collected, adding that uninterrupted transit through Hormuz remains a central condition of the ongoing diplomatic process.
The Strait of Hormuz handles roughly 20% of global oil shipments, meaning even minor disruptions can trigger worldwide energy volatility. Trump emphasised that stability in the region is essential for global markets and for the success of the emerging peace framework between Washington and Tehran.
Addressing speculation about financial transfers, Trump insisted that “no money has been directly given to Tehran.” However, he acknowledged that certain Iranian funds currently frozen under US control may be released for restricted humanitarian use, specifically to purchase American agricultural products such as corn, wheat and soybeans. He argued that Iran urgently needs food supplies and that the arrangement would support both Iranian civilians and US farmers.
The President said all food purchases would be sourced exclusively from the United States, framing the move as a mutually beneficial step that does not compromise sanctions enforcement.
The developments come as both nations attempt to stabilise relations after months of conflict, with structured negotiations continuing in Switzerland.