Iran is collapsing financially and losing about $500 million a day, US President Donald Trump said on Tuesday, as tensions over the Strait of Hormuz continued.

Trump said Tehran was seeking the immediate reopening of the waterway and was under severe financial pressure.

“Iran is collapsing financially! They want the Strait of Hormuz opened immediately- Starving for cash! Losing 500 Million Dollars a day. Military and Police complaining that they are not getting paid. SOS,” he wrote.