Trump Floats "Joint Venture" With Iran to Guard Oil Strait
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US President Donald Trump has suggested a surprising partnership with Iran to secure the world's most important oil shipping route.
The proposal focuses on the Strait of Hormuz. This narrow waterway is a critical passage for about one-fifth of the world's oil. Control of the strait is now the main issue in tense talks between Washington and Tehran.
On Wednesday, President Trump told an American news network his administration may seek a "joint venture" with Iran. The goal would be to safeguard the strait. This idea re-frames an earlier, less formal comment into a potential policy.
The plan tries to address both sides' demands. Iran wants regional dominance, while the US insists on open passage for international ships.
Trump's statement came just a day after he announced a two-week ceasefire between the two nations.