Is Iran 'collapsing financially'? Trump claims USA's Hormuz blockade is costing Tehran $500 mn a day
Published on Apr 23, 2026 01:45 am IST
Donald Trump claims Iran is “collapsing financially” as Washington ramps up economic and military pressure despite extending the ceasefire. With tensions centered around the Strait of Hormuz, the U.S. has deployed advanced surveillance systems like GARC drones to monitor Iran’s Islamic Revolutionary Guard Corps. Tehran, however, rejects the narrative, insisting it will not bow to sanctions or blockade pressure. Is this maximum pressure working—or pushing the region closer to escalation?
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