Trump Claims Iran’s Economy Is ‘Collapsing’ Under US Strait of Hormuz Blockade
US President took to Truth Social to say Iran’s finances are on the brink after the Strait of Hormuz was closed. He warned that Tehran now loses about $500 million every day because US forces are blocking its oil shipping lanes. He also announced an indefinite extension of a two-week ceasefire, arguing that Iran’s government is fractured and needs pressure. The blockade, he said, targets only Iran-linked vessels but effectively cuts off the regime’s main oil export route through Kharg Island. Trump claimed that Iran’s military and police have not been paid and suggested that reopening the strait without strong US demands would weaken negotiating leverage. A US Treasury official confirmed the blockade is constraining Tehran’s maritime trade and squeezing its revenue lifelines.
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