DUBAI,— U.S. President Donald Trump said Monday that the United States was restoring a naval blockade against Iran and would receive a 20% reimbursement for cargo transported through the Strait of Hormuz after Tehran said it had closed the important waterway.

Trump made the announcement in a post on Truth Social, stating that the Strait of Hormuz was open and would remain open with or without Iran.

He said the United States was reinstating what he called the Iranian blockade and that the process would begin immediately.

Trump also discussed the issue earlier during a phone interview on Fox News’ “Fox & Friends” program. He said the United States would probably take control of the strait and should be reimbursed for providing security.

“We’re going to keep the strait, and we’ll probably run it,” Trump said during the interview, adding that the United States could become the “guardian angel of the strait.”

The Strait of Hormuz, a major route for global oil supplies, has become a central point in the conflict.

Iran’s effective blockade of the passage has pushed energy prices higher and increased concerns about inflation around the world.

Trump said other nations were wealthy and supported the United States, arguing that the country should not be expected to provide security without compensation.

Iran announced the waterway’s closure on Saturday after what it described as an unauthorized transit.

Tehran said Sunday that passage remained suspended and that permits would be issued once stability and calm returned.

Trump said an agreement had been reached previously but claimed Iran had broken it. He said the United States would respond with strong action.

Iran’s Revolutionary Guards said Monday that normal shipping through the strait could only resume after U.S. military interventions in the waterway ended.

The group warned that continued interference could lead to more incidents affecting the global oil and gas sector.

U.S. and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday.

Tehran said it had targeted U.S. military facilities across the Gulf and continued closing the Strait of Hormuz, causing oil prices to rise.

The latest attacks represented a significant increase in the pace and geographic scope of fighting during the previous week.

The developments also created uncertainty about a temporary U.S.-Iranian agreement signed last month that was intended to reopen the strait and pause hostilities while both sides continued 60 days of negotiations.

The agreement had been part of efforts by the two sides to address the conflict while discussions continued.

The renewed exchanges between U.S. and Iranian forces occurred as both governments maintained their positions over the Strait of Hormuz and military activity in the region during the period further.

(With files from Reuters)

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