Donald Trump has announced that the US and Iran will run the Strait of Hormuz as a “beautiful joint venture” after securing a ceasefire deal last night.
US President agrees to ten-point plan that will reopen vital trade route and stop war in the Middle East At the 11th hour.
Tehran would retain control of the oil artery and be able to impose fees on other countries for using it as they have been doing since the war began.
The regime is reportedly charging tolls of up to $2 million (£1.5 million) if foreign ships want to pass through the 21-mile route.
But on Wednesday, Trump told ABC, “We’re thinking about doing it as a joint venture. That’s a way to protect it – and also protect it from a lot of other people.”
He called the idea of ​​both the US and Iran raising cash a “beautiful thing”.
fresh hope
What the Iran ceasefire agreement means for your money – from petrol prices to holidays
peace prevails
Trump hails ‘regime change’ in Iran as first ship passes through Hormuz after deal
The first ships have now passed through the major shipping route that carries a fifth of the world’s oil.
This came as Vice President J.D. Vance acknowledged that the ceasefire agreement is a “fragile truce” due to “lying Iranian leaders.”
Iran’s battered navy has already threatened foreign ships with “destroy” if they attempt to cross without permission.
According to, the fire warning was broadcast to the ships via radio Wall Street Journal.
At least four US-Israeli strikes reportedly targeted the Lawan oil refinery in the Persian Gulf, just hours after the ceasefire was agreed.
The National Iranian Oil Refining and Distribution Company said two refinery tanks were now on fire and staff at the facility had been evacuated.
Meanwhile Israel has rejected the deal, launching its biggest attacks on Lebanon since the conflict began.
Dozens of people have been killed and hundreds injured in the latest attack, according to Lebanon’s health ministry.
According to Tasnim news agency, Iran has warned that it will withdraw from the ceasefire if the attacks continue.
Peace talks on a permanent ceasefire are set to begin this week, with both sides agreeing to listen to each other’s demands.
peace declaration It came just 90 minutes before Trump’s deadline for Tehran on Tuesday, where he vowed to annihilate the Arab nation.
Sir Keir Starmer has defended Britain’s diplomatic efforts to resolve the Middle East crisis despite playing no role in ceasefire talks.
He said he wanted to build “diplomatic and political confidence” behind efforts to reopen the Strait of Hormuz, but warned that “there is still much work to do”.
US Defense Secretary Pete Hegseth said today the ceasefire offers an opportunity for “real peace and real agreement”.
Iran’s 10-point peace plan completed
Iran’s state broadcaster has revealed a ten-point plan that was reportedly sent to the US to help broker a long-term peace deal.
- Complete end to wars in Iraq, Lebanon and Yemen
- Complete and permanent end to the war on Iran without any time limit
- Complete end to all conflicts in the region
- Reopening the Strait of Hormuz
- Establishing a protocol and conditions to ensure freedom and safety of navigation in the Strait of Hormuz
- Full payment of compensation for reconstruction costs to Iran
- Full commitment to lift sanctions on Iran
- Release of Iranian funds and frozen assets held by the United States
- Iran is fully committed not to possess any nuclear weapons
- As soon as the above conditions are accepted, the ceasefire becomes effective on all fronts.
Donald Trump said he is considering a 15-point plan to end the war, noting which terms are the same as Iran’s and which are different.
He declared Operation Epic Fury a “capital V military victory” during a Pentagon press briefing.
But he also warned that the end of the fighting could only be a temporary pause as he called on troops to “remain prepared”.
Iran has agreed not to build nuclear weapons – the main reason the US initiated the conflict a month earlier, the plan said.
But according to Iranian media, questions have been raised over a proposal that says the regime would still be able to enrich uranium.
In a post on Truth Social after the deal was secured, Trump said: “There will be no enrichment of uranium, and the United States, working with Iran, will dig up and remove all deeply buried (B-2 bomber) nuclear ‘dust’.”
Trump said the two-week ceasefire would give Iran and the United States time to finalize an agreement that would differ slightly from the 10-point plan.
