The Economic Times

'SOS': Trump claims Iran 'starving for cash', wants Strait of Hormuz open immediately as Tehran is losing $500 million a day

Trump stirred global attention after claiming on Truth Social that Irans economy is collapsing, alleging losses of $500 million per day and unpaid security forces. He suggested Tehran is urgently seeking to reopen the Strait of Hormuz, a critical global oil route disrupted by the ongoing conflict. Earlier, Trump announced an indefinite extension of a ceasefire to allow further negotiations mediated by Pakistan, though Iran has not confirmed requesting it and Israel, led by Benjamin Netanyahu, has not clearly supported the move.