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Iran war live: Tehran plans tolls in Hormuz; Trump warns of ‘very bad time’ 

16 May 2026
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This content originally appeared on Al Jazeera.
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By Faisal Ali and Nils Adler

Published On 17 May 202617 May 2026

  • Iran says it will soon reveal its plan to manage traffic ⁠through the Strait of ⁠Hormuz, including the charging of tolls.
  • US President Donald Trump has warned Iran it will have a “very bad time” if a peace deal is not reached soon, as Iranian Parliament Speaker Mohammed Bagher Ghalibaf declared that the world “stands at the cusp of a new order”.

 

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