Iran's Foreign Minister Says 20% Strait of Hormuz Fee Too High, Pledges Fair Rate on July 14

According to Jin10, Iran's foreign minister said on July 14 that any party providing security for commercial vessels through the Strait of Hormuz should be compensated. However, he argued that a 20% fee is too high and stated that Iran would charge a fair rate instead. The comments were in response to U.S. President Trump's earlier proposal regarding security guarantees for the strategic waterway.
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