The Economic Times

Strait of Hormuz open or closed? Trump has a warning for Iran if deal with US fails

US President Donald Trump has extended the Iran ceasefire while simultaneously escalating tensions with Tehran over the Strait of Hormuz crisis and an ongoing US naval blockade targeting Iranian oil shipments and maritime routes. Soon after the announcement, Trump posted on Truth Social claiming Iran wants the Strait of Hormuz open only to maintain its $500 million daily oil revenue, while arguing that US pressure has forced Tehran into a weakened position. He added that a lasting deal with Iran would not be possible without major concessions, using highly aggressive language about potential military action.