Iran Rejects Trump's 20% Hormuz Transit Fee Demand, Vows Fair Approach

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Iranian Foreign Minister Abbas Araghchi pushed back against US President Donald Trump's demand for a 20% fee on goods passing through the Strait of Hormuz. Trump had outlined his proposal on his Truth Social platform, calling for the levy on strait transits. Araghchi described the proposed rate as excessive, stating that Iran would instead pursue a fair arrangement. The Strait of Hormuz is a critical global oil shipping chokepoint, making the dispute significant for international energy markets.

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