President Donald Trump has said the US could take over and run the Strait of Hormuz, the latest of his hard-line rhetoric on the Iran war.

“We’ll become the guardian ‌of the strait,” he said.

Mr Trump made this remark during an interview with Fox News on Monday.

“We are taking over the strait. They have nothing. They’ve got nothing,” he said.

Mr Trump said he expects the US to be reimbursed for controlling the vital waterway. He said the US should be reimbursed 20 per cent on all cargo shipped through the Strait.