India, April 8 -- US President Donald Trump on Wednesday said Washington is considering a "joint venture" with Iran to impose tolls on ships passing through the Strait of Hormuz.

The remarks come just a day after both sides agreed to a two-week ceasefire, aimed at cooling escalating tensions in the region.

"We're thinking of doing it as a joint venture. It's a way of securing it. also securing it from lots of other people," he said, calling the proposal "a beautiful thing."

US may charge ships for passage

Trump had earlier indicated that the United States is actively considering charging vessels transiting the crucial waterway.

Any such move would likely require direct US military oversight in the strait, which connects the Persian G...