❓WHAT HAPPENED: President Donald J. Trump outlined talks for join control of the Strait of Hormuz alongside “whoever the ayatollah is” amid a five-day ceasefire with Iran.
👤WHO WAS INVOLVED: President Trump, Iranian leaders, and negotiators, including Trump envoys Steve Witkoff and Jared Kushner.
📍WHEN & WHERE: Announced on March 24, 2026, regarding the situation in the Strait of Hormuz.
💬KEY QUOTE: “Jointly controlled. Maybe me, maybe me. Me and the ayatollah, whoever the ayatollah is.” – President Trump
🎯IMPACT: Markets reacted positively, with the FTSE 100 rising and Brent crude oil prices falling.
President Donald J. Trump has announced plans for joint U.S.-Iranian control of the Strait of Hormuz amid a five-day ceasefire for attacks on the Islamic Republic’s energy infrastructure. He voiced confidence in reaching a peace agreement, declaring that America would “jointly control” the vital oil and fertilizer passage, which Iran has largely closed, and pledged a “very serious form of regime change.”
Trump described talks with a “respected” Iranian leader who could be “exactly what we’re looking for” in comments to the press, presenting this as a sign that the regime is ready for a deal to resolve the conflict. Speaking to reporters on the subject of who will control Hormuz, he said, “Jointly controlled. Maybe me, maybe me. Me and the ayatollah, whoever the ayatollah is.”
Notably, slain former Supreme Leader Ali Khamenei’s son and official successor, Mojtaba Khamenei, is known to have been wounded, and he has not been seen in public or in any prerecorded messages since his elevation, leading some to speculate that he may be dead.
Trump warned that the United States would “just keep bombing our little hearts out” if negotiations collapse. His earlier threats to hit Iran’s power grid prompted officials in Tehran to name possible targets for retaliation, among them a nuclear power station in the United Arab Emirates (UAE).
The partial ceasefire prompted upbeat reactions in financial markets: the FTSE 100 rose while Brent crude oil prices dropped sharply. On Wall Street, both the Dow Jones and S&P 500 posted gains.
Join Pulse+ to comment below, and receive exclusive e-mail analyses.
