Trump says Iran ‘collapsing financially,’ wants Hormuz Strait open amid cash crunch

(Al Arabiya) US President Donald Trump said on Wednesday that Iran wanted to keep the Strait of Hormuz open so that it can make “$500 million dollars a day,” tying between reaching a deal and the US naval blockade. “Iran doesn’t want the Strait of Hormuz closed, they want it open so they can make $500 Million Dollars a day (which is, therefore, what they are losing if it is closed!),” Trump said in a Truth Social post hours after extending a ceasefire with Iran that was set to expire. – Trump says Iran ‘collapsing financially,’ wants Hormuz Strait open amid cash crunch