Middle East Situation | Trump: US and Iran May Jointly Manage the Strait of Hormuz Transit Fees

During a TV interview with ABC News, U.S. President Trump said that after he announced a two-week ceasefire on Tuesday, the United States may seek to establish a “joint project” with Iran to ensure the security of the Strait of Hormuz.

When asked whether he would allow Tehran to charge tolls to ships transiting the strategic waterway, he said, “We are considering doing it in the form of a joint project. This is a way to ensure security, and it can also prevent many other people from getting involved; it’s a wonderful thing.”

Trump said the United States is discussing sanctions and tariff relief with Iran; the United States is working with Iran to remove buried nuclear materials. The United States will cooperate closely with Iran, but stressed that it will not allow Iran to enrich uranium.

Vance: U.S.-Iran ceasefire is a fragile truce

U.S. Vice President Vance, speaking at an event in Hungary, said the ceasefire reached between the United States and Iran is a “fragile truce.” He did not reveal any further details, only saying the agreement includes a ceasefire, moving forward with negotiations, and reopening the Strait of Hormuz.

He said that Trump had asked the U.S. representatives responsible for talks with Iran to begin consultations “in good faith,” but at the same time said Trump “is eager to see progress.” He also said the United States is ready to use “extraordinary economic leverage,” but that Trump instructed the U.S. side not to use those measures for now. If Iran negotiates “in good faith,” the U.S. side may be able to reach an agreement, but ultimately how the negotiations proceed depends on the Iranian people.

A White House spokesperson said discussions about face-to-face meetings between the U.S. and Iran have not yet been finalized and that it will be necessary to wait for an announcement by the president or official White House sources.