Trump Says Iran 'Collapsing' as US Unveils New Sanctions
President Donald Trump claimed Monday that Iran is "completely collapsing," hours before Washington announced details of new economic sanctions against Tehran, which Iran called an admission of US defeat. The US administration is prioritizing economic warfare over strikes amid an unpopular regional conflict and approaching midterm elections. Treasury Secretary Scott Bessent announced an economic "D-Day" against Iran, claiming the US dismantled nearly 100% of Iran's military factories and ended its nuclear program. Iran's deputy foreign minister dismissed these claims, questioning why further sanctions would be needed if such goals were achieved. China said sanctions won't resolve the conflict, while the UAE suspended all trade with Iran. Tehran faces 66% inflation and collapsing oil exports.