Washington, July 13 -- US President Donald Trump on Monday (local time) said that the United States is "reinstating" the Iranian blockade and said that the US will charge "20 per cent" to provide security to the Strait of Hormuz, a strategic gateway.

In a post on Truth Social, Trump assured that the international maritime traffic through the critical shipping lane would not be closed to the rest of the world despite escalating regional tensions.

"The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran," Trump said. "We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran's ships or customers from entering or leaving. All other countries will have fair and open use of the Strait," he wrote.

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