Strait of Hormuz toll would set 'dangerous precedent,' UN shipping agency warns

Fox News Media Fox News MediaFox BusinessFox NationFox News AudioFox WeatherOutkickFox NoticiasBooks United Nations President Donald Trump suggested Wednesday that there may be a US-Iranian toll system coming for ships that travel through the key waterway Iran ceasefire in jeopardy: Strait of Hormuz tensions escalate The fragile Iran ceasefire is threatened by escalating tensions in the Strait of Hormuz, a critical global shipping lane. President Donald Trump warns of potential military action until a "REAL AGREEMENT" is reached. Vice President Vance and other experts discuss Iran's demands for tolls, strategic islands, and growing cyber threats to US infrastructure. Global oil prices and shipping traffic are closely monitored amidst the uncertainty. NEWYou can now listen to Fox News articles! The United Nations’ shipping agency warned Thursday that imposing a toll on ships passing through the Strait of Hormuz would "set a dangerous precedent." The remark comes after President Donald Trump suggested Wednesday that there may be a U.S.-Iranian toll system coming for ships that travel through the key waterway. Trump told ABC News, "We’re thinking of doing it as a joint venture," and, "It’s a way of securing it — also securing it from lots of other people." "There is no international agreement where tolls can be introduced for transiting international straits. Any such toll will set a dangerous precedent," a ‌spokesperson ⁠for the U.N.'s International Maritime Organization told Reuters on Thursday. The Strait of Hormuz, which lies between Iran, Oman and the United Arab Emirates, is one of the world’s most critical energy choke points, carrying roughly 20 million barrels of oil a day along with about one-fifth of global liquefied natural gas. LIVE UPDATES: US MILITARY 'LOADING UP AND RESTING,' TRUMP SAYS, AS Iran TESTS CEASEFIRE A ship is seen passing through the Strait of Hormuz during a two-week temporary ceasefire between the United States and Iran on April 8, 2026. (Shady Alassar/Anadolu/Getty Images) Greek Prime Minister Kyriakos Mitsotakis also warned on Wednesday that a reported Iranian plan to charge ships to pass through the Strait of Hormuz would be "completely unacceptable." "I don’t think that the international community would be ready to accept Iran setting up a toll booth for every ship that crosses the strait," Mitsotakis, representing the world's leading shipping power, told CNN. "This agreement cannot, I repeat, cannot include a sort of a fee that ships will have to pay every time they cross the strait," he continued. "This was not the case before the war started, and it cannot be the case after the war finishes." "The United States of America will be helping with the traffic buildup in the Strait of Hormuz. There will be lots of positive action! Big money will be made. Iran can start the reconstruction process," Trump wrote on Truth Social on Wednesday morning. "We’ll be loading up with supplies of all kinds, and just ‘hangin’ around’ in order to make sure that everything goes well. I feel confident that it will." Fox News Digital’s Amanda Macias and Alexandra Koch contributed to this report.