WASHINGTON — U.S. President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway. "The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating THE IRANIAN BLOCKADE," Trump said on Truth Social. "The U.S.A... will be reimbursed, at the rate of 20 percent 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 said. He said the process would begin immediately, but did not elaborate. 'Guardian angel of the strait' The U.S. president floated the idea earlier in a phone interview on Fox News' "Fox & Friends" program, saying the U.S. would probably take over the strait and should be reimbursed. "We're going to keep the strait, and we'll probably run it. We'll become the guardian of the strait. Maybe we'll call it the guardian angel of the strait. And we should be reimbursed for that," he told the "Fox