Trump Claims Iran 'Completely Collapsing' as US Unveils New Sanctions
US President Donald Trump claimed Iran is "completely collapsing" as Washington prepares new economic sanctions against Tehran, which dismissed the move as an admission of defeat. Treasury Secretary Scott Bessent announced an "economic D-Day" against Iran in the Financial Times, following claims the US dismantled nearly 100% of Iran's military factories and ended its nuclear program. Iran's foreign ministry called the sanctions "economic terrorism" and questioned why further action was needed if Washington had already succeeded. The strategic Strait of Hormuz remains locked by Tehran for six months, spiking oil prices. Iran faces 66% inflation, a collapsing currency, and oil exports down from 2 million to 0.4 million barrels daily.