Hyderabad, July 13 -- US President Donald Trump on Monday, July 13, declared that the Strait of Hormuz is "open" and announced that the United States would become the "Guardian of the Hormuz Strait", despite Iran rejecting any US role in managing the strategic waterway.

In a post on Truth Social, Trump said the strait would remain open "with or without Iran" and announced that the US would oversee security in the waterway.

He added that Washington would seek reimbursement equivalent to 20 per cent of the value of cargo passing through the strait, along with the costs of maintaining security, saying the plan would take effect immediately.

A screenshot of US President Donald Trump's Truth Social post announcing plans for the United State...