U.S. President Donald Trump said Iran wanted the Strait of Hormuz open “so they can make $500 Million Dollars a day”, which he said the Gulf nation would risk losing if it remains closed. “Iran is collapsing financially! They want the Strait of Hormuz opened immediately,” he wrote on Truth Social, adding that the Islamic republic was “starving for cash.”

Iran Guards say 'seized' two ships attempting to cross Strait of Hormuz

Iran’s Revolutionary Guards said today that their naval forces stopped two ships attempting to cross the Strait of Hormuz and directed them to the territorial waters of the Islamic Republic.

“The Islamic Revolutionary Guard Corps naval force this morning identified and stopped in the Strait of Hormuz two violating ships,” the Guards said in a statement.

“The two offending ships .... were seized by the IRGC’s naval forces and directed to the Iranian coast.”

Asian shipowners to cross Hormuz before Western firms, executives say

Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-Iran ceasefire, as they have a higher ‌risk tolerance and can manage paying tolls, unlike sanctions-complying Western firms, shipping executives said.

Hundreds of tankers and other ⁠ships have been stuck inside the West Asia Gulf, unable to cross the strait since the end of February, hitting global oil and liquefied ‌gas supply in the world’s largest ever energy supply disruption.

Some tankers and cargo ships managed to escape ‌the Gulf last Saturday, but Iran quickly pulled the plug ‌on ⁠the move by firing shots and telling other vessels ⁠to return to the Gulf. At least three container ships were hit by gunfire in the strait today