President Donald Trump on Monday said that the U.S. would reimpose its blockade of the Strait of Hormuz amid renewed hostilities with Iran.

"The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving," he posted on Truth Social.

Trump also announced that the U.S. would charge tolls in the waterway to recover the costs of protecting it.

"All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as 'THE GUARDIAN OF THE HORMUZ STRAIT,' but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World," he added. "The process and formation will begin immediately. Thank you for your attention to this matter!"

Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.