The U.N. shipping agency announced on Monday that more details are awaited following the statement made by U.S. President Donald Trump. He said in a post that he was reinstating Washington's naval blockade against Iran, and Washington would receive a 20% reimbursement on all cargo sent?throughout the Strait of Hormuz.

A spokesperson for the U.N. said: "We're aware of this post and are awaiting further details." International Maritime Organization.

"We've always maintained a consistent stance regarding fees - IMO is firmly opposed to?charging fees for the passage through straits that are used for?"international navigation. There is no legal basis for introducing mandatory tolls just to 'transit through a strait.'

Trump stated in a Truth?post that the process would begin immediately. He did not elaborate. (Reporting and editing by Sharon Singleton; Jonathan Saul)

(source: Reuters)