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Latest Business News, Business News India Today | The HinduBusinessLine

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Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility US, Iran prepare for ceasefire talks as Netanyahu authorises negotiations with Lebanon BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Steven Spielberg’s Jaws returns to theatres in 4K restoration on April 17 Approach authorities instead of rushing to court, SC tells petitioner who filed 25 PILs NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Political climate gets Madurai temperatures soaring Allahabad HC judge Yashwant Varma resigns a year after cash row; probe continues Zelenskyy says Ukrainian forces shot down Shahed drones in Middle Eastern countries during Iran war India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman ISRO successfully conducts second integrated air drop test for Gaganyaan mission Vedanta Aluminium signs pact with two downstream companies SC regularises interim bail granted to Gujarat-based journalist in money laundering case Trump ramps up threats against Iran on Hormuz before talks FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season ADB suggests unified social protection framework to cut duplication Trump's tenuous Iran exit plan isn't healing Republican rifts exposed by the war Vance sets off to Pakistan to lead talks with Iran as war’s ceasefire remains shaky Godrej Properties reports record ₹34,171 crore sales bookings in FY2026, up 16% BCCI mourns passing of former India cricketer CD Gopinath Former Iran FM Kamal Kharrazi dies from wounds sustained in US-Israeli attack: Reports West Asia conflict drives surge in NRI term insurance purchases from India, 35% m-o-m surge: Report Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh South India Dargah Mosque Association extends support to AIADMK-NDA alliance
Trump claims Iran wants Strait of Hormuz reopened amid economic pressure
By ANI · 2026-04-22 · via Latest Business News, Business News India Today | The HinduBusinessLine
US President Donald Trump has claimed that Iran is privately seeking to reopen the Strait of Hormuz due to mounting economic losses, despite publicly maintaining a confrontational stance.

US President Donald Trump has claimed that Iran is privately seeking to reopen the Strait of Hormuz due to mounting economic losses, despite publicly maintaining a confrontational stance. | Photo Credit: Dado Ruvic

US President Donald Trump has claimed that Iran is privately pushing to reopen the Strait of Hormuz to stem massive economic losses, despite Tehran’s public rhetoric suggesting a continued standoff.The President’s assertions come amid a prolonged paralysis of shipping through the world’s most critical maritime corridor. While the diplomatic stalemate between Washington and Tehran persists, the disruption has sent ripples through global energy markets and heightened regional instability.

Trump alleges Iran’s stance is political posturing

Taking to Truth Social, Trump further that Iran’s outward hostility regarding the waterway is a performance intended for a political audience rather than a reflection of its financial reality.”Iran doesn’t want the Strait of Hormuz closed; they want it open so they can make $500 million a day (which is, therefore, what they are losing if it is closed!),” Trump posted, suggesting the blockade is crippling the Iranian economy.He further dismissed Tehran’s threats to keep the passage shut, describing them as a defensive reaction to US military pressure. “They only say they want it closed because I have it totally BLOCKADED (CLOSED!), so they merely want to ‘save face,’” the President added.

Backchannel talks hinted, but hardline stance continues

The US leader also revealed that backchannel communications have already begun. According to Trump, intermediaries reached out recently to signal a shift in Tehran’s position.”People approached me four days ago, saying, ‘Sir, Iran wants to open up the Strait immediately,’” he claimed. However, he warned that a premature reopening without significant geopolitical concessions would eliminate US leverage in future negotiations.”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!” Trump stated, underscoring his hardline approach to the ongoing crisis.

Ceasefire extension adds uncertainty to fragile situation

Against this volatile backdrop, the President announced late on Wednesday that he would prolong the current ceasefire to provide a window for further diplomacy. Yet, this extension remains precarious as it appears to be a “unilateral” move.There has been “no immediate confirmation from Iran or Israel” that they intend to honour the truce. Conversely, commentators linked to the Iranian government have cast doubt on Washington’s sincerity, framing the extension as a tactic to “gain a strategic advantage” while the “naval blockade” remains in place.The stakes remain high as the original ceasefire was “set to expire shortly” before Trump’s intervention. While a second round of negotiations is anticipated in Islamabad, the timing and the list of attendees remain unconfirmed.For now, the Strait of Hormuz stays at the heart of the friction. As the primary artery for global oil and liquefied natural gas, its continued closure poses a persistent threat to “international energy markets and maritime security.”

Published on April 22, 2026