One minute he theatens a whole civilisation with extinction and then loves the idea of partnering with his enemy to share the massive profits!
Trump says he’s considering ‘joint venture’ with Iran for Strait of Hormuz tolls
by Ryan Mancini – 04/08/26 9:28 AM ET
President Trump on Wednesday said he is considering the formation of a “joint venture” with Iran to set up tolls in the Strait of Hormuz after the Trump administration and Tehran agreed to a two-week ceasefire deal.
ABC News’s Jonathan Karl asked Trump if he approved of Iran’s plan to charge vessels a fee for passing through the strait — a key channel through which roughly 20 percent of the world’s oil is transported.
“We’re thinking of doing it as a joint venture,” the president told Karl, who shared Trump’s response on the social platform X. “It’s a way of securing it — also securing it from lots of other people. It’s a beautiful thing.”
Any “joint venture” was not part of Iran’s 10-point peace plan that the U.S. agreed to and the president previously called “workable.”
Earlier Wednesday, Trump wrote on Truth Social that there was “big money” to be made by the U.S. aiding in the “traffic buildup” in the Strait of Hormuz.
“We’ll be loading up with supplies of all kinds, and just ‘hangin’ around’ in order to make sure that everything goes well,” he wrote. “I feel confident that it will.”
The president also suggested Monday that the U.S. could impose its own tolls on vessels trying to transit through the channel. Leaders in Tehran signaled last week it would install a “toll booth” system to exert a price on ships seeking safe passage through the strait.
The Islamic Republic’s previous proposal to toll vessels drew criticism from Secretary of State Marco Rubio. He blasted the potential “tolling system” as “illegal” and “dangerous for the world,” adding that the U.S. and European partners would have to have a plan to address that possibility. Rubio noted, however, that the U.S. would not lead that plan.
Funds raised by Iran’s toll system will go toward reconstructing the country, a regional officer told The Associated Press. Some of the accumulated fees would also be presented to Oman, though how the nation would use them is unclear.
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