Iranian Foreign Ministry: "Continuing Message Exchanges with the U.S. and Activities of Mediating Countries"
Esmaeil Baghaei, Spokesperson for the Iranian Ministry of Foreign Affairs [Xinhua, Yonhap News file photo]Esmaeil Baghaei, spokesperson for the Iranian Ministry of Foreign Affairs, stated on the 26th
President Yoon: "Do You Think You Are Safe from the Special Counsel?"... Final Statement Video Released
President Yoon Suk Yeol rebuking the special prosecutor on the 24th. [Court video / @birds_justice X account subtitle GIF] A video of President Yoon Suk Yeol's closing statement at his trial rega
President Yoon, regarding the first-instance ruling on the Public Official Election Act: “An excessive political verdict that distorts the facts… We will appeal immediately.”
The first-instance sentencing hearing for President Yoon Suk Yeol regarding violations of the Public Official Election Act is being broadcast live at Seoul Station on the 27th. [Photo=Yonhap News]Pres
WSJ: "SK Hynix ADR Premium Is a Sign of AI Trading Overheat"
Advertisement for SK Hynix ADR listing in New York's Times Square [Reuters=Yonhap News file photo]The Wall Street Journal (WSJ) has pointed out that the price of SK Hynix’s American Depositary Recei
'Godfather of Japanese Mystery Novels' Keigo Higashino Passes Away After Battle with Cancer at 68
Famous Japanese mystery novelist Keigo Higashino [AFP=Yonhap News]It has been belatedly reported that Keigo Higashino, the "godfather of Japanese mystery novels" and author of bestsellers such as "The
[Park Pil-kyu Security Column] To the Ignorant Trying to Clothe a Beast in Sheep's Clothing
Rep. Kim Byung-joo of the Democratic Party of Korea [Photo=Yonhap News]“The Air Force Academy doesn't teach you how to fly a plane!” “The Army, Navy, and Air Force academies are exactly the
Tightening the financial squeeze on Iran through maritime blockades… insisting on "collecting fees" under the guise of ensuring security in the Strait of Hormuz
U.S. President Donald Trump [AFP=Yonhap News File Photo]
U.S. President Donald Trump announced on the 13th (local time) that he would resume the blockade of ships traveling between Iranian ports and its coast in the Strait of Hormuz.
He also stated that in exchange for the U.S. military guaranteeing the safety of civilian vessels passing through the Strait of Hormuz, the U.S. would take 20% of the cargo on board those ships.
On his social media platform, Truth Social, President Trump wrote, "The Strait of Hormuz remains open, whether Iran is there or not," adding, "We are resuming the blockade of Iran."
This marks the resumption of the maritime blockade against Iran, which had been lifted following the signing of a Memorandum of Understanding (MOU) to end hostilities with Iran in the middle of last month. The intent is to strictly constrict Iran's flow of funds.
President Trump further declared that the U.S. would charge a toll for civilian vessels from other nations passing through the Strait of Hormuz.
He stated, "From now on, the United States will be known as the 'Guardian of the Strait of Hormuz,'" adding, "We will be compensated with 20% of all cargo shipped to cover all costs required to provide safety and security in this region, which is the most volatile in the world."
He added, "The relevant procedures and arrangements will begin immediately."
This is interpreted as an intention to collect a "toll" to cover the costs of the U.S. military ensuring safety by blocking attacks on civilian ships in the Strait of Hormuz.
Prior to this, in a phone interview with Fox News, President Trump had also stated that the U.S. would take control of the Strait of Hormuz and receive compensation for it.
President Trump said, "We have been protecting the Strait for free, but from now on, we will protect it and receive a tremendous amount of money in return."
Yonhap News More by this author