President Trump announced that the U.S. might collect 20% of oil revenue from the Middle East if no agreement is reached with Iran. In an interview with Fox News, Trump stated that the U.S. would act as the "guardian" of the Strait of Hormuz. He also warned Iranian officials against closing the strait, stating, "If you close it, you won't have a country anymore." This follows a phone call with Iranian representatives on June 20.