US Sanctions Target Iran as Trump Cites Economic Collapse

news18.com

President Donald Trump said Monday that Iran is "completely collapsing" hours before the US announced new sanctions, which Treasury Secretary Scott Bessent called an "economic D-Day" against Tehran. Bessent claimed the US had dismantled Iran's military capabilities and buried its nuclear programme. Iran's deputy foreign minister dismissed the sanctions as an admission of defeat, while the rial hit a record low of 2.027 million per dollar. The US naval blockade has cut Iran's oil exports from two million barrels daily pre-war to 0.4 million by mid-August. Tehran warned countries against cooperating with Washington, as ordinary Iranians face rampant inflation and economic hardship.


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