Trump claims Iran ‘collapsing financially’ amid Hormuz standoff

Middle East Eye · April 22, 2026 Sanctions

Trump claims Iran ‘collapsing financially’ amid Hormuz standoff US President Donald Trump said Iran is “collapsing financially” and losing hundreds of millions of dollars daily, in a post on his Truth Social platform. He also said Iran wants the Strait of Hormuz reopened immediately. He also claimed that Iran is “Starving for cash!