U.S. President Donald Trump stated that Iran is facing an “economic collapse” due to the closure of the strategic Strait of Hormuz; in a post on Truth Social, he wrote that Iran does not actually want to keep the strait closed but instead wants it open, as it generates around $500 million per day for the country, and keeping it shut would result in losses of the same amount; he also claimed that Tehran announced the closure mainly to “save face” in response to U.S. sanctions on Iranian ports, adding that just four days earlier, people had informed him that Iran wanted to reopen the strait immediately, but according to him, doing so would make any deal with Iran impossible unless extreme measures were taken; in another post, he reiterated that Iran is financially collapsing and urgently wants to reopen the Strait of Hormuz, emphasizing that the country is desperate for money.
Iran is financially bankrupt, wants to open the Strait of Hormuz immediately: Donald Trump
