US to Be Paid 'a Lot of Money' to Guard Strait of Hormuz Says Trump
By Reuters | 13 Jul, 2026

Trump opined Monday that the US would probably take over the Strait of Hormuz and be paid for controlling it as the two sides traded strikes that brought down traffic to a 2-month low.

FILE PHOTO: Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026. REUTERS/Stringer//File Photo

President Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital waterway.

"We're going to keep the strait, and we'll probably run it. We'll become the guardian of the strait. Maybe we'll call it the guardian angel of the strait. And we should be reimbursed for that," he said in a phone interview on Fox News' "Fox & Friends" program.

Control of the Strait of Hormuz, a vital route for global oil supplies, has become one of the main battlegrounds of the conflict. Iran's effective blockade of the strait has pushed up energy prices and increased concerns about inflation globally.

"We're going to guard it. We're going to get paid for guarding it - a lot of money," Trump said.

"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," he said.

After announcing the waterway's closure on Saturday following what it described as an unauthorized transit, Tehran said on Sunday that passage remained suspended and that permits would be issued once "stability and calm" were restored.

"We had a deal. It was a done deal, and then they broke it. They always break it. We've had 10 deals with these people, and so we're just going to hit them very hard," Trump said.

Iran's Revolutionary Guards said in a statement on Monday that the only way to restore regular shipping traffic through the strait was to end U.S. military interventions in the waterway, and warned that "continued interference could lead to greater incidents in the global oil and gas sector."

U.S. and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, with Tehran saying it had struck U.S. military facilities across the Gulf and kept the Strait of Hormuz closed, driving oil prices higher.

The latest exchanges mark a sharp escalation in both the pace and geographic reach of attacks over the past week, casting doubt on an interim U.S.-Iranian agreement signed last month to reopen the strait and halt hostilities while the sides pursued a further 60 days of negotiations.

(Reporting by Katharine Jackson, editing by Michelle Nichols)