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Trump says he’s considering ‘joint venture’ with Iran for Strait of Hormuz tolls
- Iran agreed to reopen the Strait of Hormuz to commercial shipping as part of a two-week ceasefire agreement announced with the US, covering the 21-mile-wide waterway vital to roughly one-fifth of global oil supplies.
- Seeking to impose tolls on transiting ships, Iran argues revenue is necessary to reconstruct infrastructure destroyed during the six-week conflict, a position the US and its Gulf allies oppose citing international maritime conventions.
- President Donald Trump suggested on Monday that Washington and Tehran could manage the passage as a "joint venture," stating he would rather the US charge tolls than allow Iran to collect them alone.
- Maritime shipping company Hapag-Lloyd voiced cautious optimism but warned that restoring normal traffic will likely take six to eight weeks, far exceeding the 14-day truce period for Arabian Gulf routes.
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Trump Considering 'Joint Venture' With Iran To Secure Strait of Hormuz After Ceasefire Deal: Report
US President Donald Trump said on Wednesday that Washington is considering a "joint venture" with Iran to secure the Strait of Hormuz, following his announcement of a two-week ceasefire.
·Mumbai, India
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If You Want to Collect Tolls on the Hormuz River, Pay Us Too! Trump Offers Iran a Huge Sum of Money.
Hours after the ceasefire, US President Donald Trump proposed a joint venture with Iran over the Strait of Hormuz. He described the tolls collected from ships as a huge financial windfall. Meanwhile, tensions in the Gulf continue, and reports of attacks on several countries have emerged.
Coverage Details
Total News Sources17
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 39%
R 46%
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