President Donald Trump announced on Truth Social that the U.S. will not charge transit fees for the Strait of Hormuz during a 60-day ceasefire. However, if no agreement is reached with Iran after this period, the U.S. may impose fees to recover costs as the "guardian angel" of Middle Eastern countries. The U.S.-Iran Memorandum of Understanding states Iran will ensure safe passage for commercial vessels during the ceasefire, with future management of the strait to be determined through regional dialogue.