APRIL 07, 2026: Trump tells Iran its 'whole civilization will die TONIGHT' as he strikes Kharg Island hours before deadline
The Islamic regime showed no sign of agreeing to Trump's demand to reopen the Strait of Hormuz.
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APRIL 8, 2026: Iran HALTS ships in Strait of Hormuz and issues new demand as Trump's crumbling ceasefire faces furious Republican backlash
The exact terms remain unsettled, but ships must notify intermediary companies linked to the Islamic Revolutionary Guard Corps (IRGC) of their cargo, destination and owner - with tolls of at least $1 per barrel payable in Chinese yuan or cryptocurrency.
Trump welcomed the idea, telling ABC: '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.
'It's a beautiful thing.'
The Strait, through which a fifth of the world's oil flows, has been dubbed the 'Tehran Tollbooth' by analysts and traders.
The average bill for a single tanker runs to $2 million - and only once payment clears will IRGC patrol boats escort the vessel through the 'tollbooth.'
Some analysts believe the scheme could net Iran as much as $500 billion over five years.
Iran has halted oil tankers transiting the Strait of Hormuz and demanded that Israel cease its attacks on Lebanon as Donald Trump's crumbling truce faced backlash.
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IRAN'S 10-POINT PEACE PLAN
1. Commitment to non-aggression
2. Iran's control over the Strait of Hormuz
3. Acceptance of Iran's uranium enrichment
4. Lifting of all primary sanctions
5. Lifting of all secondary sanctions
6. Termination of all UN Security Council resolutions
7. Termination of all Board of Governors resolutions
8. Paying compensation to Iran
9. Withdrawal of US combat forces from the region
10. Cessation of war on all fronts, including in Lebanon
Iran has halted oil tankers transiting the Strait of Hormuz and demanded that Israel cease its attacks on Lebanon as Donald Trump's crumbling truce faced backlash.
www.dailymail.co.uk
APRIL 8, 2026: Pete Hegseth claims 'Iran begged for this ceasefire' and says Trump has 'achieved victory with a capital V': Live updates
US secretary of defence
Pete Hegseth claimed today that
Iran begged for
Donald Trump's 11th-hour ceasefire.
Last night, just a few hours before Trump's deadline for Iran to agree to reopen the Strait of Hormuz, the US president said via Truth Social that he had agreed to 'suspend the bombing and attack of Iran for a period of two weeks,' after earlier sparking doomsday fears when he threatened to wipe out its 'entire civilisation'.
In a later post, the US President hailed 'a big day for world peace' after agreeing to pause the attacks.
At a
Pentagon press briefing, Hegseth said Trump achieved 'victory with a capital V.'
He added that Iran's missile programme has been 'functionally destroyed' and that Iran's navy 'is at the bottom of the sea'. On top of this, he said, 'we [the US] own their skies'.
Global markets and world leaders have reacted positively to last night's news of the ceasefire.
LIVE: Read the Daily Mail's coverage of the aftermath of the Middle East war, as US secretary of defence Pete Hegseth claimed today that Iran begged for a ceasefire
www.dailymail.co.uk
APRIL 8, 2026: Trump declares Strait of Hormuz 'joint venture' with Iran as Tehran's tollbooth is set to rake in $1million per ship: 'It's a beautiful thing'
Donald Trump has called a US-Iran deal to reopen the Strait of Hormuz a 'joint venture' as Tehran prepares to charge ships up to $1 million per vessel to pass through the world's most critical oil artery.
Iran agreed to a two-week ceasefire and will reopen the waterway while a 10-point peace plan is negotiated by both sides, Trump announced Wednesday.
Donald Trump has claimed that the US and Iran are launching a 'joint venture' in the Strait of Hormuz as Tehran prepares to rake in $1 million per vessel.
www.dailymail.co.uk
APRIL8, 2026: Iran ceasefire deal gives Trump a way out of war - but at a high cost
The path to the two-week ceasefire with Iran may have fundamentally altered the way the rest of the world views the US.
www.bbc.co.uk
APRIL 8, 2026: Why ceasefire deal with US has unsettled Iran's hardliners
The two-week truce opens up the prospect of direct talks with the US but has angered Iran's hardliners, writes BBC News Persian’s Kasra Naji.
www.bbc.co.uk
