Trump Claims Iran Seeks to Reopen Strait of Hormuz for Revenue
‘Iran wants Strait open to make $500 million a day’: Trump
The Indian Express
Image: The Indian Express
Former U.S. President Donald Trump stated that Iran is eager to reopen the Strait of Hormuz, aiming to regain approximately $500 million in daily revenue lost due to the blockade. He warned that reopening the strait without a broader agreement could jeopardize ongoing negotiations regarding Iran's nuclear program.
- 01Trump asserts Iran wants to reopen the Strait of Hormuz to regain lost revenue.
- 02Iran reportedly loses $500 million daily due to the blockade.
- 03Reopening the strait could undermine negotiations over Iran's nuclear program.
- 04Iran's public calls for closure are seen as a strategy to save face.
- 05Ongoing negotiations involve mediation efforts from Pakistan.
Advertisement
In-Article Ad
Former President Donald Trump claimed that Iran is keen to reopen the Strait of Hormuz, a crucial shipping route for global oil supplies, to recover about $500 million in daily revenue lost due to the blockade. In his posts on Truth Social, Trump indicated that Iran's public demands for the strait's closure were a facade to maintain its image while it faces significant financial distress. He noted that sources had informed him of Iran's willingness to reopen the route, stating, 'People approached me ... saying, “Sir, Iran wants to open up the Strait, immediately.”' Trump cautioned that reopening the strait without a comprehensive agreement could derail ongoing negotiations regarding Iran's nuclear program and lead to further escalation. The U.S. has imposed a blockade on Iranian ports to pressure Tehran to return to the negotiating table. Mediation efforts, including those from Pakistan, are expected to continue amid uncertainty surrounding the next round of talks.
Advertisement
In-Article Ad
The reopening of the Strait of Hormuz could stabilize global oil markets and affect energy prices, benefiting consumers and businesses reliant on oil.
Advertisement
In-Article Ad
Reader Poll
Should the Strait of Hormuz be reopened for international trade?
Connecting to poll...
Read the original article
Visit the source for the complete story.

