Trump Floats ‘Joint Venture’ With Iran To Manage Strait Of Hormuz In ABC Interview

- June 4, 2026
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Treasury Secretary Scott Bessent acknowledged Wednesday that he threatened to “kick ass” during a heated confrontation last year, while firmly denying reports that he threatened to punch the now-acting Director of National Intelligence “in the face.”

The unusual exchange emerged during a Senate Finance Committee hearing, where Sen. Thom Tillis (R-NC) pressed Bessent about reports surrounding a confrontation between the two Trump administration officials during the summer of 2025.

According to Bessent, one key detail in the widely circulated account was inaccurate.

While he denied threatening.

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Seijah Drake was born in Boston, MA, where she developed a penchant for writing early on and a passion for politics in college. After college she worked briefly for a conservative media in New York before relocating to the Greater D.C. Area to pursue a career in political marketing. She now resides in the free state of Florida.

The White House, Public domain, via Wikimedia Commons
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President Donald Trump says the United States could consider working with Iran to manage the Strait of Hormuz, raising the idea of a “joint venture” during an interview with ABC News’ Jon Karl.

The suggestion, while tentative, points to a possible shift in approach as Washington and Tehran navigate a fragile pause in hostilities. Trump did not outline specifics, but he signaled openness to cooperation if ongoing talks move in a positive direction.

“We’ll see what happens… it could be something where we work together,” he said.

A Shift in Tone

The remarks stand out against Trump’s recent messaging on Iran.

In recent weeks, he has warned of major strikes on Iranian infrastructure, including power plants and bridges, urged U.S. allies to take on more responsibility in the region, and questioned why American forces should continue policing key shipping lanes.

At one point, Trump suggested other countries could “police it themselves,” a clear sign he was weighing a reduced U.S. role.

Now, the idea of working directly with Iran marks a different tone. It suggests the administration is at least exploring options beyond military pressure as it looks to stabilize the situation.

Why the Strait Matters

The Strait of Hormuz is one of the world’s most important shipping routes. About 20% of global oil supply moves through the narrow waterway.

That makes any disruption immediately felt in energy markets.

Since the conflict escalated:

  • Iran has restricted or threatened shipping traffic
  • Oil prices have swung sharply
  • Governments have debated how to respond, from naval patrols to diplomatic pressure

The U.S. has already carried out strikes aimed at reopening the passage. At the same time, officials have been searching for a longer-term solution that avoids constant military involvement.

A Narrow Diplomatic Window

Trump’s comments come during a temporary ceasefire between the U.S. and Iran. The agreement includes a two-week window for negotiations, along with efforts to reopen the strait and reduce tensions.

Talks are happening indirectly, with other countries helping mediate.

Still, the situation remains unstable. Both sides are keeping military forces ready in case negotiations fall apart.

Big Questions Remain

It is not clear whether Iran would accept shared control of such a strategic asset, or how any agreement would work in practice. Legal authority, military coordination, and oversight would all need to be defined.

The role of U.S. allies remains a key question. Many countries — particularly those dependent on energy markets — would welcome an agreement that restores oil flows and avoids further escalation.

However, Israel may view any cooperation with Iran as unacceptable, given its ongoing security concerns.

After decades of hostility between Washington and Tehran, even limited coordination would mark a significant shift.

What Comes Next

For now, Trump’s comments appear to be part of a broader negotiating posture. Whether the “joint venture” idea becomes a serious proposal or remains a talking point will depend on how talks unfold in the coming days.

The next phase of the conflict may depend less on military operations and more on whether both sides can find a viable path forward through diplomacy.

READ NEXT: Life-Changing Moment Caught On Video — Would You Intervene?

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Patrick Houck

Patrick Houck is an avid political enthusiast based out of the Washington, D.C., metro area. His expertise is in campaigns and the use of targeted messaging to persuade voters. When not combing through the latest news, you can find him enjoying the company of family and friends or pursuing his love of photography.

1 Comment
    JFB

    Those Greater Israel swampers ain’t gonna like this. Israel could easily sabotage this with unilateral action. The MAGA/xionist split widens…

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