Trump floats joint venture with Iran to toll Strait of Hormuz

President Trump said he is weighing a "joint venture" with Iran to set up tolls for ships passing through the Strait of Hormuz, describing it as a way to secure the strait in a two‑week ceasefire context. He told ABC News’s Jonathan Karl that the idea could secure passage and be a “beautiful thing,” while notes Trump has floated the possibility of U.S. tolls separately as well. Iran’s toll proposal reportedly aims to fund reconstruction, with some fees potentially going to Oman, a plan criticized by Rubio as illegal and dangerous. The stance drew bipartisan scrutiny in Congress amid ongoing ceasefire negotiations and heightened tensions over Iran’s regional role.