President Donald Trump announced that the U.S. will block the Strait of Hormuz effective immediately in an effort to fight back against what he called "WORLD EXTORTION" by Iran amid reports that Tehran would charge costly tolls through the crucial oil chokepoint.

"So, there you have it, the meeting went well, most points were agreed to, but the only point that really mattered, NUCLEAR, was not. Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump wrote on his Truth Social account Sunday (April 12) morning. "At some point, we will reach an 'ALL BEING ALLOWED TO GO IN, ALL BEING ALLOWED TO GO OUT' basis, but Iran has not allowed that to happen by merely saying, 'There may be a mine out there somewhere,' that nobody knows about but them. THIS IS WORLD EXTORTION, and Leaders of Countries, especially the United States of America, will never be extorted. I have also instructed our Navy to seek and interdict every vessel in International Waters that has paid a toll to Iran. No one who pays an illegal toll will have safe passage on the high seas. We will also begin destroying the mines the Iranians laid in the Straits. Any Iranian who fires at us, or at peaceful vessels, will be BLOWN TO HELL! Iran knows, better than anyone, how to END this situation which has already devastated their Country. Their Navy is gone, their Air Force is gone, their Anti Aircraft and Radar are useless, Khomeini, and most of their “Leaders,” are dead, all because of their Nuclear ambition. The Blockade will begin shortly. Other Countries will be involved with this Blockade. Iran will not be allowed to profit off this Illegal Act of EXTORTION. They want money and, more importantly, they want Nuclear. Additionally and, at an appropriate moment, we are fully 'LOCKED AND LOADED,' and our Military will finish up the little that is left of Iran!"

Trump's post was shared after Vice President JD Vance said U.S. officials were unable to reach an agreement with Iranian officials on a peace deal during negotiations between the two sides in Islamabad, Pakistan, during a press conference early Sunday morning.

"The bad news is that we have not reached an agreement, and I think that's bad news for Iran, much more than it's bad news for the United States of America," Vance said via USA TODAY.

The vice president claimed that negotiations failed due to Iran's refusal to commit to not developing nuclear weapons now or in the future during the first face-to-face meetings between the two countries in 47 years.

"So we go back to the United States, having not come to an agreement, we've made very clear what our red lines are, what things we're willing to accommodate them on, and what things we're not willing to accommodate them on," Vance said via USA TODAY.

Trump had already claimed that the United States had won regardless of any outcome of the negotiations while speaking form the White House earlier on Saturday (April 11) before leaving for Miami, Florida.

"Regardless what happens, we win," Trump said via UDA STODAY. "We totally defeated that country. And so let's see what happens. Maybe they make a deal, maybe they don't. From the standpoint of America, we win."

Trump had previously announced a two-week ceasefire agreement hinging on the reopening of the Strait of Hormuz, which serves as a vital waterway for trade along the Persian Gulf responsible for an estimated 20% of the world's oil supply traveling through and has been blockaded by Iran in retaliation of the war, leading to a spike in gas prices. Iran agreed to reopen the Strait under the 10-point ceasefire plan, with the American government described s "workable," before Tehran officials claimed they plan to charge $2 million to pass through, which they said would be used to rebuild infrastructure damaged by the U.S. and Israel during 'Operation Epic Fury' and later closed the waterway in response to Israel's

“There are reports that Iran is charging fees to tankers going through the Hormuz Strait — They better not be and, if they are, they better stop now!” Trump said in response to the report via the New York Post.

Armstrong & Getty