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Scott Bessent to Unveil New Economic Sanctions on Iran as President Trump Declares the Country is Collapsing

Treasury Secretary Scott Bessent is scheduled to hold a news conference on Monday to reveal the administration's latest economic pressure campaign against Iran. The administration announced a shift in strategy, moving toward an "economic D-Day" to break the stalemate of the ongoing conflict. This financial offensive aims to isolate Tehran by imposing the toughest sanctions in history, targeting both the Iranian economy and the countries that continue to do business with it. President Trump insisted that Iran is "COMPLETELY COLLAPSING!!!" in a recent post, while the Iranian currency has dropped to a record low against the US dollar. Despite the Iranian leadership's internal differences on how to proceed, the administration is betting that all-out economic pressure will force Iran to capitulate. The administration also warned that countries failing to distance themselves from Tehran will be considered enemies. As the US moves to tighten the economic screws, Iran has warned that it will strike any country that participates in the US economic war, reserving the right to manage the Strait of Hormuz as a primary leverage point.

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