What specific financial demand did Trump make regarding cargo transiting the Strait of Hormuz, and how was that figure calculated?

Trump demanded a 20% reimbursement on all cargo shipped through the Strait of Hormuz, which equates to roughly $30 million per fully loaded supertanker carrying about 2 million barrels of crude oil at current oil prices of approximately $80 per barrel.

How did Iran's prior fee structure for Hormuz transit compare to Trump's proposed 20% charge?

Iran had been charging as much as $2 million per voyage on an ad hoc basis, significantly less than Trump’s proposed $30 million per supertanker—or 20% of cargo value—though Iranian Foreign Minister Abbas Araghchi acknowledged the principle of compensation for safe passage while calling 20% 'too much'.

Trump’s Hormuz Demand Implies Fee of $30 Million Per Supertanker

Jul 13, 2026

Trump proposed a 20% fee on cargo through the Strait of Hormuz, costing ~$30 million per supertanker carrying crude oil. The shipping industry reacted with skepticism, while Iran commented on fair compensation for secure passage.

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