Trump alleges Iranian financial collapse ...Iraq

US President Donald Trump on Wednesday warned that Iran is facingmounting financial pressure linked to tensions in the Strait of Hormuz,estimating losses at around $500 million per day.

Trump previously announced a temporary extension of the two-weekceasefire with Iran, which had been set to expire on April 21, citing divisionsin Tehran and a request from Pakistani leaders to allow more time fornegotiations.

Read more: US-Iran talks collapse; Analysts warn of escalation risk as ceasefire deadline nears

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