United States President, Donald Trump. Photo: AFP

US President Donald Trump has said the United States would likely take over the Strait of Hormuz and should be compensated for securing the strategic waterway amid escalating tensions with Iran.

Speaking in a phone interview on Fox News’ Fox & Friends on Monday, Trump said the US would assume responsibility for protecting one of the world’s most important oil shipping routes.

“We’re going to keep the strait, and we’ll probably run it. We’ll become the guardian of the strait. Maybe we’ll call it the guardian angel of the strait. And we should be reimbursed for that,” Reuters quoted him to have said.

Trump added that Washington should be paid by countries that benefit from the waterway’s security.