US President Trump posts "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!)"

Newsquawk StaffPublished 22 Apr 2026, 00:57 UTC

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US President Trump considers extending waivers to ease US oil shipments, according to Axios

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00:37

US President Trump posts "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!)"

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Full post "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! President DONALD J. TRUMP"

Context

This statement from President Trump highlights the ongoing tensions regarding the Strait of Hormuz, a critical oil shipping route. By suggesting that Iran prefers the strait open for economic reasons, it may signal a temporary stalemate in hostilities, but the wording also indicates a hardline stance that complicates any potential diplomatic negotiations. This could affect oil prices and broader market sentiment, particularly in energy sectors.

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