Trump Says Iran Is ‘Completely Collapsing’ as US Unveils New Economic Pressure Campaign
The comments came hours after US Treasury Secretary Scott Bessent declared that an “economic D-Day” had begun against Tehran in a Financial Times column. He warned that countries continuing to support Iran could become “global pariahs.”
ERBIL (Kurdistan24) – US President Donald Trump said Monday that Iran was “completely collapsing” as Washington prepared to announce details of a new economic pressure campaign against Tehran, nearly six months into a war that has left the two sides locked in a stalemate.
“IRAN IS COMPLETELY COLLAPSING!!!” Trump wrote on his Truth Social platform, as his administration shifted its focus from military action toward economic measures against Iran.
The comments came hours after US Treasury Secretary Scott Bessent declared that an “economic D-Day” had begun against Tehran in a Financial Times column. He warned that countries continuing to support Iran could become “global pariahs.”
Bessent also said on X that the United States had dismantled Iran’s military capabilities, destroyed nearly all of its military factories and buried its nuclear program.
Iran rejected the claims, portraying Washington’s new economic offensive as evidence that the US had failed to achieve its military objectives.
Iranian Deputy Foreign Minister Kazem Gharibabadi said the shift toward financial warfare contradicted Bessent’s claims of military success.
“If the US has achieved its goals, why is there a need for ‘the largest financial invasion in history’?” Gharibabadi said, questioning whether the new campaign represented “a victory or an admission of America’s defeat.”
The United States and Israel initially linked their February military campaign to Iran’s nuclear program. However, the conflict has increasingly centered on the Strait of Hormuz, a critical passage for global oil and gas shipments.
Iran has kept the strait closed during the conflict, contributing to higher energy prices and worsening inflation while increasing political pressure on the Trump administration ahead of US midterm elections in November.
The White House has maintained a naval counter-blockade of Iran while peace talks remain stalled.
Bessent was expected to provide further details of the new US economic campaign on Monday, although it remained unclear how much additional pressure Washington can impose on Tehran after months of sanctions and military confrontation.