Read more live updates below.Trump: U.S., Iran May Have 'Joint Venture' To Secure Strait Of HormuzPresident Donald Trump said the U.S. and Iran may have a "joint venture" to secure the Strait of Hormuz, the waterway that's crucial for the transport of much of the world's oil.Trump told ABC News' Jonathan Karl a partnership with Iran to control the strait would be a way of "securing it from lots of other people.""It's a beautiful thing," Trump said.Trump also told ABC News he expects peace talks with Iran to start Friday, after a two-week ceasefire was announced Tuesday.See All Updates