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Denmark on June 23 became the latest European navy to join the international mission to keep the Strait of Hormuz open for commercial traffic, broadening the coalition that already includes the UK, France, Germany, Italy and the Netherlands. The move comes as U.S. Secretary of State Marco Rubio publicly rejected Iran's demand for a transit fee, exposing a deep fault line in the ceasefire negotiations. The Middle East Forum warned that Iran views Hormuz as a “cash cow” and the free-transit arrangement is unlikely to hold beyond 60 days. Brent crude slipped 1.9% to $76.68 on the diplomatic friction, still 6.5% above pre-crisis levels.