Trump Claims Iran 'Collapsing Financially' Over Strait of Hormuz Closure on Truth Social

Donald Trump posted on Truth Social claiming Iran was 'collapsing financially' and 'starving for cash' due to the closure of the Strait of Hormuz, alleging the country was losing '$500 million a day.' He asserted that Iran desperately wanted the strait reopened immediately and that Iranian military and police were complaining about not being paid. The claims came amid a complex standoff where both the U.S. and Iran had imposed blockades on the strategic waterway, with Trump having just announced an indefinite extension of a ceasefire with Iran. The post presented a one-sided narrative that ignored the U.S. role in the blockade while attributing Iran's alleged financial distress solely to the closure. Independent fact-checkers noted the $500 million figure appeared unsubstantiated, and analysts observed that the framing constituted disinformation by omitting the mutual nature of the blockade and the U.S.'s role in the economic pressure campaign. No credible reports corroborated claim...

"Iran is collapsing financially! They want the Strait of Hormuz opened immediately- Starving for cash! Losing 500 Million Dollars a day. Military and Police complaining that they are not getting paid. SOS!!!" — Posted on Truth Social during the Strait of Hormuz standoff, immediately following Trump's announcement of an indefinite ceasefire extension with Iran