U.S. President Donald Trump said there will be no tolls imposed on vessels using the Strait of Hormuz during a 60-day ceasefire period, adding that any future tolls would only be considered under specific conditions.

Axar.az reports that Trump made a statement on his Truth Social account.

“There will be NO TOLLS in the Hormuz Strait for 60 days during the Cease Fire Period, and there will be NO TOLLS after the 60 day period has expired, unless they are imposed by and for the United States of America, should the deal not be completed, for services rendered as the Guardian Angel to the countries of the Middle East for purposes of both past, present, and future reimbursement of costs,” Trump wrote.