April 8, 2026

Donald Trump has claimed that the US and Iran are launching a ‘joint venture’ in the Strait of Hormuz as Tehran prepares to rake in $1 million per vessel.

Trump announced last night that Iran has agreed to a two-week ceasefire and will reopen the oil artery while a 10-point peace plan is considered by both sides.

Trump welcomed the idea on Wednesday, telling ABC: ‘We’re thinking of doing it as a joint venture. It’s a way of securing it – also securing it from lots of other people…

Trump says the U.S. and Iran are now in talks over a stunning “joint venture” to police the Strait of Hormuz, with Tehran poised to haul in $1 million per vessel through its so-called “Tehran Tollbooth” as the world’s most critical oil artery reopens under a fragile two-week ceasefire. Bloomberg says shipowners already face a maze of middlemen, foreign currency and crypto payments, while vessels must disclose cargo, destination and ultimate owner to intermediaries linked to the IRGC — turning a vital passage that carries a fifth of global oil into a high-stakes showdown over money, control and security.

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