Trump's Unlikely Suggestion of a Joint U.S.-Iran Shipping Tax

Trump proposed a joint U.S.-Iran system to tax ships in the Strait of Hormuz, a critical artery for global energy flows. The idea emerges amid fragile ceasefire negotiations and broader discussions on sanctions relief and nuclear constraints. The proposal underscores the high economic stakes, with potential implications for oil prices, global trade, and regional stability. President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships...