Trump Claims His Blockade Is Costing Iran $500 Million A Day And It Wants Hormuz To Reopen

BreakingBusinessTrump Claims His Blockade Is Costing Iran $500 Million A Day And It Wants Hormuz To ReopenBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorApr 22, 2026, 01:57am EDTApr 22, 2026, 01:57am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump claimed Iran wants the Strait of Hormuz to be opened immediately and its public remarks about keeping the shipping way closed were simply a bid to “save face,” in a social media post made hours after he indefinitely extended a ceasefire with the country as the second round of peace talks between the two countries remained on hold.U.S. President Donald Trump claimed Iran's public statements about the blockade were simply a bid to "save face."Getty ImagesKey FactsIn a post on Truth Social shortly before midnight on Tuesday, Trump claimed that Iran was “collapsing financially” and suggested that its leaders were desperate to have the Strait of Hormuz opened immediately. The president wrote that Iran’s military and police were complaining about not getting paid, without mentioning whether this was a U.S. intelligence assessment.Trump also suggested that Iran was losing $500 million a day as a result of the U.S. blockade of its ports, reiterating a claim he made in another post on Tuesday night.In the earlier post, the president said Iran only says it wants the Strait of Hormuz to be closed to merely “save face” and claimed some people approached him four days ago to let him know that Tehran wants to “open up the Strait, immediately.”Trump signaled he intends to keep the blockade in place and suggested that reversing it would prevent a deal with Iran from happening “unless we blow up the rest of their Country, their leaders included!” if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style...