(Alliance News) - US President Donald Trump said Tuesday that Iran was "collapsing financially" over the closure of the vital Strait of Hormuz.

"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."

Trump posted earlier that Tehran said it supported the closure of the strait to "save face" under the US blockade of Iranian ports.

Meanwhile, Iran's agriculture minister said a US naval blockade has had little impact on the country's ability to supply basic goods and food, citing strong domestic production and alternative import routes.

"Despite the US naval blockade, we have no problem in supplying basic goods and food because, due to the size of the country, it is possible to import from different borders," Agriculture Minister Gholamreza Nouri said on Tuesday.

"About 85% of agricultural products and basic goods are produced domestically, so the country's food security is established," he added, according to the official IRNA news agency.

The US imposed a naval blockade on Iran's ports and coasts on April 13, days after a ceasefire was announced that paused its war with Iran.

Iran has strongly criticised the blockade, describing it as a violation of the ceasefire.

source: AFP

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