Strait of Hormuz toll would set 'dangerous precedent,' UN shipping agency warns

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. The fragile Iran ceasefire is threatened by escalating tensions in the Strait of Hormuz, a critical global shipping lane. President Donald Trump warns of potential military action until a "REAL AGREEMENT" is reached. Vice President Vance and other experts discuss Iran's demands for tolls, strategic islands, and growing cyber threats to US infrastructure. Global oil prices and shipping traffic are closely monitored amidst the uncertainty. The United Nations’ shipping agency warned Thursday that imposing a toll on ships passing through the Strait of Hormuz would "set a dangerous precedent." The remark comes after President Donald Trump suggested Wednesday that there may be a U.S.-Iranian toll system coming for ships that travel through the key waterway. Trump told ABC News, "We’re thinking of doing it as a joint venture," and, "It’s a way of securing i