Trump hints at joint control of Strait of Hormuz with Iran, says 'Oil prices to drop like rock'

US President Donald Trump on Monday said that the Strait of Hormuz may be jointly controlled by the United States and Iran. The US President said, "It will be jointly controlled, and maybe controlled by me and whoever the next Ayatollah is." He added the price of oil "will drop like a rock as soon as a deal is done."