Woofun AI reports that President Trump proposed the US should control the Strait of Hormuz and impose a fee equal to 20% of cargo value on passing vessels. He also indicated potential continuation of military actions against Iran, coinciding with a third consecutive night of US airstrikes.

Woofun AI data shows that as of the week ending July 3rd, the US Strategic Petroleum Reserve fell to 319.5 million barrels, marking the lowest level since 1983 and hovering just above the 250 million barrel safety threshold. Iranian Foreign Minister Zarif criticized the 20% fee as excessive while asserting that parties ensuring safe passage deserve compensation.