US President Donald Trump has extended the ceasefire with Iran while keeping a blockade in place around the Strait of Hormuz, saying Tehran is suffering major financial losses and must submit a unified proposal before talks can advance.
In a post on Truth Social, Trump said Iran was losing significant oil revenue because of the closure of the key shipping route. He wrote: "Iran doesn’t want the Strait of Hormuz closed, they want it open so they can make $500 Million Dollars a day (which is, therefore, what they are losing if it is closed!). They only say they want it closed because I have it totally BLOCKADED (CLOSED!), so they merely want to “save face.” People approached me four days ago, saying, “Sir, Iran wants to open up the Strait, immediately.” But if we do that, there can never be a Deal with Iran, unless we blow up the rest of their Country, their leaders included!"
