President Trump Calls Potential Strait of Hormuz Toll Arrangement a “Beautiful Thing” and Floats Joint Venture Idea
In recent comments amid ongoing discussions about securing the vital Strait of Hormuz, President Donald Trump described the concept of tolls on ships passing through the waterway as “a beautiful thing.”
He suggested the U.S. could explore a “joint venture” arrangement related to transit fees and security in the strategic chokepoint, which carries about 20% of global oil shipments.
Trump emphasized securing safe passage while noting it could benefit stability in the region following recent tensions with Iran. He has repeatedly stressed that the strait must remain open for international shipping.
This comes as part of broader ceasefire and post-conflict talks.
Source: ABC News live updates (April 8, 2026) “Trump suggests ‘joint venture’ with Iran in Strait of Hormuz.”