Trump Administration Vows to Offset Hormuz Tolls With Seized Iranian Funds

The Trump administration is signaling that any payments made by commercial vessels to Iran’s self-declared Strait of Hormuz transit authority could ultimately be recovered from Iranian assets, adding a new twist to the growing battle over control of one of the world’s most strategically important waterways.

Treasury Secretary Scott Bessent made the remarks Thursday as U.S. officials pushed back against a declaration by the so-called Persian Gulf Strait Authority (PGSA) that the Strait of Hormuz had been closed “until further notice.”

“The Iranian regime will lose the zero-sum game it is playing,” Bessent wrote on social media. “Any tolls paid to