Jack Keane: “We should go back to pre-February 28, the Strait of Hormuz was regarded as freedom of navigation in international waterways. No country had oversight of it, no one decided when ships would move through it.”

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From the August 7, 2026, edition of Fox News' Fox & Friends

SANDRA SMITH (GUEST CO-HOST): President Trump says progress has been made toward reopening the Strait of Hormuz as reports say a proposed deal would give Iran control over ships entering the Persian Gulf through the strategic waterway. The proposal's reportedly being discussed with Oman and would establish separate inbound and outbound shipping lanes, with Iran and Oman playing roles in managing transit through the strait. The key details, including potential transit fees, are still being negotiated.

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As far as any agreement over fees to pass through the strategic waterway, should any deal include Iran getting paid to transport through?

JACK KEANE (FOX SENIOR STRATEGIC ANALYST): No, Absolutely not. There should be no tolls, no fees, no insurance guarantees — and also there should be no management and oversight of it.

I mean we should go back to pre-February 28, the Strait of Hormuz was regarded as freedom of navigation in international waterways. No country had oversight of it, no one decided when ships would move through it. If we want to establish an inbound and outbound lane, that seems to be fine, I don't think there is any objections to that. But anything beyond that is not what we should be negotiating. I know — we all know what Iran wants. Listen, they believe this is a strategic asset, I'm telling you, they think this now has more leverage than the development and growth of the nuclear weapon, and why is that, because their nuclear enterprise is largely under a mountain of rubble.