Trump says he’s considering ‘joint venture’ with Iran for Strait of Hormuz tolls

Key Points:

• President Trump announced he is considering a "joint venture" with Iran to establish tolls in the Strait of Hormuz, a critical oil transit route, following a two-week ceasefire agreement between the U.S. and Tehran.
• Trump described the joint venture as a means to secure the strait and generate revenue, despite it not being part of Iran’s original 10-point peace plan; he also suggested the U.S. might impose its own tolls on vessels passing through.
• Iran’s proposed toll system has faced criticism from U.S. officials like Secretary of State Marco Rubio, who called it illegal and dangerous, while funds from the tolls are intended for Iran’s reconstruction and possibly shared with Oman.
• The ceasefire deal was praised by Trump and his Cabinet, though Vice President Vance warned it remains fragile and contingent on Iran’s compliance; the agreement was reached just before Trump’s deadline, which had included a severe threat to Iran.
• Trump’s threat to Iran sparked outrage among members of Congress, with some calling it a potential war crime and pushing for his removal from office, including the filing of impeachment articles by Rep. John Larson.