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Senior U.S. officials have said Iran would be richly rewarded for changing its stance on the United States. Iran's leaders have rejected such a bargain in the past.
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Steve Witkoff and Jared Kushner are pivotal players at a moment when the posts of U.S. ambassador to Moscow and Kyiv are both vacant.
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Monetizing the strait would be a dramatic change from before the war, when cargo ships transited without paying any fee.
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To reach a more durable peace agreement with Iran and open the Strait of Hormuz, Trump needs Israel to uphold the terms of a deal with Lebanon that Hezbollah says it will block by "any means necessary."
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