Donald Trump announces 60-day ceasefire period for Strait of Hormuz transit

On June 21, 2026, U.S. President Donald Trump announced that no tolls will be imposed on vessels passing through the Strait of Hormuz during a 60-day ceasefire period. Following the expiration of this term, Trump stated that tolls may be implemented if a comprehensive agreement with Iran is not reached. He justified the potential fees as compensation for the U.S. role as a 'guardian angel' for regional states. This announcement follows reports of Tehran threatening to close the strategic waterway due to alleged non-compliance with agreements by Washington and Tel Aviv. Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated that Iran will exert pressure to ensure commitments are upheld. U.S. Vice President J.D. Vance expressed optimism that the ceasefire will hold and noted there are no current signs of the strait being closed. The decision aims to balance regional security interests while addressing U.S. financial demands for its military presence in the Middle East.