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US President Donald Trump firmly asserted Washington's stance against Iran's attempt to levy tolls on vessels navigating through the Strait of Hormuz.
Iran has proposed requiring transit fees for vessels passing through the Strait of Hormuz.
KEY POINTS
- Iran's plan includes mandating that these transit fees be paid specifically in the Iranian rial.
- The proposal may involve a bilateral agreement with Oman, according to Iranian officials.
- US President Trump publicly rejected Iran's toll proposal, labeling it as global extortion.
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