by Emmitt Barry, Worthy News Washington D.C. Bureau Chief
(Worthy News) – President Donald Trump said Wednesday that Iran is suffering severe financial losses due to ongoing restrictions in the Strait of Hormuz, estimating the Islamic Republic is losing roughly $500 million per day.
In a series of posts on Truth Social, Trump claimed Tehran is “starving for cash” and eager to reopen the vital shipping lane. He added that internal pressures are mounting, with reports of military and police forces complaining about unpaid wages.
The Strait of Hormuz remains one of the world’s most critical oil transit routes, and any disruption has immediate ripple effects across global energy markets.
Trump emphasized that despite Iran’s public posture, its leadership is seeking a way to restore access to the waterway while maintaining appearances. He suggested that reopening the strait without a broader agreement would undermine ongoing negotiations.
The president also confirmed that the United States will maintain its naval blockade while extending a temporary ceasefire. According to Trump, the decision followed outreach from Pakistani leaders, including Field Marshal Asim Munir and Prime Minister Shehbaz Sharif, who requested additional time for Iran to present a unified proposal.
The current standoff follows coordinated U.S. and Israeli strikes launched on February 28 targeting Iran’s nuclear and military infrastructure, significantly escalating tensions in the region.
As negotiations remain uncertain, the economic and strategic importance of the Strait of Hormuz continues to place intense pressure on all parties involved.
Copyright 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
More Worthy News
A Russian mother and son who fled to Finland after opposing Moscow’s invasion of Ukraine have won a court battle against their deportation, but their future remains uncertain as Finnish authorities reconsider their asylum claim amid fears they could face imprisonment, torture and even death if returned to Russia.
Australian authorities have charged a Russian-Australian man with foreign interference after he allegedly infiltrated Ukraine’s armed forces to obtain military information for people he believed were linked to Russian intelligence.
A young Christian man was recovering from extensive injuries Saturday after he was allegedly attacked by a group of Muslims for intervening when Christian women were being harassed in Pakistan’s Punjab province, Christian representatives said.
Sudanese Christians and their supporters used the United Nations’ annual “International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief” on Saturday to condemn what they called a growing wave of killings, abductions and attacks against Christians in Sudan’s Nuba Mountains.
Mossad chief Roman Gofman reportedly met Sunday with Syrian Foreign Minister Asaad al-Shaibani in a U.S.-mediated effort to calm rising tensions after Israel’s recent airstrike on the Abu al-Duhur airbase in northern Syria.
Chief Justice John Roberts on Friday temporarily allowed the Trump administration to continue construction on President Donald Trump’s planned White House ballroom, pausing a lower court order that would have halted much of the project while the legal fight continues.
The death toll from a Russian drone strike on a crowded shopping center in Ukrainian President Volodymyr Zelenskyy’s hometown rose to at least 16 Sunday, as Kyiv pleaded for more air-defense interceptors and France promised additional missiles amid mounting concerns that the conflict is increasingly affecting security across Europe.