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President Trump announced Tuesday he will indefinitely extend the current ceasefire with Iran and continue a U.S. naval blockade of the Strait of Hormuz as talks continue. ABC News' Christiane Cordero has the details.

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President Trump told ABC News' Jon Karl on Wednesday morning that the U.S. may seek a "joint venture" with Iran to safeguard the Strait of Hormuz, following his Tuesday announcement of a two-week ceasefire. Read more:

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President Trump has now completely taken over the Strait of Hormuz by implementing a naval blockade and expanding the war against Iran. The U.S. Navy will begin the process of blockading “any and all ships” attempting to enter or leave the Strait of Hormuz.

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President Trump announced ahead of his 8 p.m. ET deadline, that he has agreed to a two-week ceasefire with Iran, provided Iran agrees to a "COMPLETE, IMMEDIATE, and SAFE OPENING" of the Strait of Hormuz, while negotiations mediated by Pakistan continue. CBS News' Weijia Jiang reports.

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🇮🇷🇺🇸 Military alert levels have been raised on Iran's Qeshm Island as tensions continue to simmer around the Strait of Hormuz Iran also claims the U.S blockade of the Strait, which Trump announced yesterday he had lifted, was still in force.

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