Trump claims Iran 'starving for cash,' 'collapsing financially' after extending ceasefire

President Donald Trump claims Iran is 'starving for cash' and 'collapsing financially' due to U.S. blockades, asserting the country loses $500 million daily. Iran's Foreign Minister Seyed Abbas Araghchi condemned the blockade as an 'act of war,' while Trump extended a ceasefire at the request of Pakistan's leaders. Iran reportedly fired upon three ships in the Strait of Hormuz.