Trump said the US would restore its blockade on Iran in the Strait of Hormuz and charge cargo-based fees for protected passage. The move has shaken a fragile truce, lifted oil prices and drawn swift resistance from Iran and shipping regulators.

United States President, Donald Trump on Monday, announced that his administration would impose a 20 per cent security charge on all cargo shipped through

Donald Trump went on to announce that the US would become the "Guardian of the Hormuz Strait" and said countries using the shipping lane should bear the cost of its protection.

Donald Trump went on to announce that the US would become the "Guardian of the Hormuz Strait" and said countries using the shipping lane should bear the cost of its protection.

"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," Trump said earlier in a phone interview on Fox News.

"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," Trump said earlier in a phone interview on Fox News.

"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," Trump said earlier in a phone interview on Fox News.