politics
April 9, 2026
US, Iran could jointly charge for passage through Strait of Hormuz
The US president says that the measure will secure the strait "from lots of other people"
TL;DR
- Donald Trump proposed a US-Iranian joint venture to manage passage through the Strait of Hormuz.
- The potential joint venture would involve charging a fee for vessels transiting the strait.
- Trump stated the aim is to secure the strait and deter other parties.
- Iran had previously announced plans to charge a $1 Bitcoin fee per barrel of oil for tankers passing through during a ceasefire.
- Iran also planned to inspect vessels it deems necessary.
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