{"id":801356,"date":"2026-07-14T13:26:13","date_gmt":"2026-07-14T13:26:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/801356\/"},"modified":"2026-07-14T13:26:13","modified_gmt":"2026-07-14T13:26:13","slug":"trumps-hormuz-toll-plan-could-backfire-shipping-industry-warns","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/801356\/","title":{"rendered":"Trump\u2019s Hormuz toll plan could backfire, shipping industry warns"},"content":{"rendered":"<p>Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka\/NurPhoto via Getty Images)<\/p>\n<p>Nurphoto | Nurphoto | Getty Images<\/p>\n<p>President Donald Trump&#8217;s <a href=\"https:\/\/www.cnbc.com\/2026\/07\/13\/trump-iran-hormuz-strait-charge-reimburse.html\" rel=\"nofollow noopener\" target=\"_blank\">proposed 20% levy<\/a> on ships passing through the Strait of Hormuz could backfire and further reduce dwindling traffic on the vital waterway, shipping executives have warned.\u00a0<\/p>\n<p>The temporary <a href=\"https:\/\/www.cnbc.com\/2026\/06\/17\/trump-vance-iran-deal-nuclear-g7.html\" rel=\"nofollow noopener\" target=\"_blank\">ceasefire deal<\/a> the U.S. and Iran signed in mid-June appears increasingly fractured after the adversaries exchanged hostilities for a third consecutive day on Tuesday. <\/p>\n<p>The deal explicitly prohibited Tehran from imposing any charges on commercial ships passing through the Strait.  <\/p>\n<p>But the president is no longer calling for the return to pre-war arrangements, with the Strait of Hormuz remaining a toll-free international waterway. Instead, Trump has suggested commercial vessels <a href=\"https:\/\/www.cnbc.com\/2026\/07\/13\/trump-iran-hormuz-strait-charge-reimburse.html\" rel=\"nofollow noopener\" target=\"_blank\">attempting the transit<\/a> must pay the U.S. as compensation for guaranteeing safe passage. <\/p>\n<p>Shipping giant Hapag-Lloyd has said it is &#8220;fundamentally wrong&#8221; to charge tolls for passage through international waters, regardless of the country in charge.\u00a0<\/p>\n<p>&#8220;Tolls for infrastructure such as the Suez Canal or Panama Canal are different, because they reflect major infrastructure investments,&#8221; the firm said in a statement. &#8220;That is not the case in the Strait of Hormuz.&#8221;\u00a0<\/p>\n<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/108334498-17840107421784010739-47150974825-1080pnbcnews.jpg\" alt=\"Oil analyst on Trump's toll talk: there is difference between an announcement and implementation\"\/><\/p>\n<p>Any U.S.-imposed tariffs could further reduce traffic through the vital waterway, which has already ground to a halt again in recent days, according to the Baltic and International Maritime Council, the world&#8217;s largest shipping association.<\/p>\n<p>&#8220;While the proposal to fund security through a levy on cargo transiting the Strait of Hormuz is innovative and well-intentioned, the increased cost will constitute a further disincentive to transiting the Strait which can only be outweighed by a significant reduction in the threat from Iran,&#8221; Jakob P. Larsen, BIMCO&#8217;s chief safety and security officer, told CNBC on Tuesday.<\/p>\n<p>The European Community Shipowners&#8217; Association told CNBC that its priority was the safety of seafarers and restoring &#8220;free and safe passage&#8221; of shipping to the waterway. <\/p>\n<p>&#8220;The safety of seafarers must remain a priority: no genuine freedom of navigation can exist unless the crews at the heart of world shipping can do their job safely,&#8221; Sotiris Raptis, ECSA Secretary General, told CNBC. <\/p>\n<p>&#8220;Freedom of navigation is a cornerstone of the law of the sea, which makes no provisions for tolls to be levied on ships moving through the Strait.&#8221;<\/p>\n<p>Vessel traffic through the Strait of Hormuz fell sharply on Sunday, with Kpler data showing just 14 ships crossing the waterway, including four crude tankers, compared with 37 vessels a week earlier. That could dry up further if tolls were enforced.<\/p>\n<p><a id=\"headline0\"\/>Iran mocks Trump&#8217;s toll plan<\/p>\n<p>Until Trump suggested otherwise in a <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116913091653271692\" target=\"_blank\" rel=\"nofollow noopener\">Truth Social post<\/a> on Monday, the U.S. had been staunchly opposed to any tolls in the Strait of Hormuz.<\/p>\n<p>The U.S. had rejected Iran&#8217;s own <a href=\"https:\/\/www.nytimes.com\/2026\/06\/14\/us\/politics\/trump-iran-deal-strait-of-hormuz.html\" target=\"_blank\" rel=\"nofollow noopener\">plans to charge tolls to ships<\/a> passing through the strait, which maritime <a href=\"https:\/\/www.cnbc.com\/2026\/07\/13\/imo-maritime-organization-strait-hormuz-tolls-trump-iran.html\" rel=\"nofollow noopener\" target=\"_blank\">experts, regulators<\/a> and even top Trump administration officials have said is illegal under international law.<\/p>\n<p>The Trump administration previously threatened to &#8220;<a href=\"https:\/\/x.com\/SecScottBessent\/status\/2060007636280488164\" target=\"_blank\" rel=\"nofollow\">aggressively<\/a>&#8221; impose sanctions against Oman if it was seen to help Iran establish a tolling system.<\/p>\n<p>&#8220;All nations should reject outright any efforts by Iran to disrupt the free flow of commerce,&#8221; Treasury Secretary Scott Bessent\u00a0<a href=\"https:\/\/x.com\/SecScottBessent\/status\/2060007636280488164\" target=\"_blank\" rel=\"nofollow\">said<\/a>\u00a0in a post on X on May 28.<\/p>\n<p>In what appears to be an abrupt shift in policy, however, the U.S. president declared via social media that the country would become known as the &#8220;THE GUARDIAN OF THE HORMUZ STRAIT.&#8221; <\/p>\n<p>As such, Trump said the U.S. would be reimbursed at the rate of 20% of all cargo shipped through the waterway &#8220;for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.&#8221;<\/p>\n<p>Iranian Foreign Minister Abbas Araghchi appeared to mock Trump&#8217;s plan. In his own social media <a href=\"https:\/\/x.com\/araghchi\/status\/2076728062662557961\" target=\"_blank\" rel=\"nofollow\">post<\/a>, Araghchi said the U.S. president was &#8220;absolutely right&#8221; that whoever provides secure and safe passage of commercial vessels through Hormuz should be compensated for this service. <\/p>\n<p>&#8220;Iran has always been the GUARDIAN of the Strait and will remain so FOREVER. 20% is of course too much. We will be fair,&#8221; Araghchi said on Monday.<\/p>\n<p>\u2014 CNBC&#8217;s Kevin Breuninger also contributed to this report.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the&hellip;\n","protected":false},"author":2,"featured_media":795043,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[274716,1386,161,1376,13626,43,5897,100,44,32557,41,39,42,40,772],"class_list":["post-801356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-lco26z","tag-breaking-news-markets","tag-business-news","tag-donald-trump","tag-foreign-policy","tag-headlines","tag-iran","tag-markets","tag-news","tag-oil-and-gas","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=801356"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/795043"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=801356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=801356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=801356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}