Trump claims Iran ‘collapsing’ as US threatens ‘economic D-Day’

US President Donald Trump declared on Monday that Iran is "completely collapsing" as Washington readies a new economic campaign against Tehran, which the Islamic republic has described as an admission of American defeat. The two nations are currently at an impasse, with Iran maintaining control of the strategic Strait of Hormuz and the US persisting with a naval blockade.

This development comes amid growing domestic pressure on Trump due to the economic fallout from the conflict, prompting a shift from military action to economic measures. US Treasury Secretary Scott Bessent announced on X that an "economic D-Day" had begun against Iran, asserting that the US had dismantled the regime's military capabilities and buried its nuclear program.

However, Iran responded defiantly, accusing the US of a "victory" and warning nations against aiding Washington. Iranian officials have warned that the economic measures could result in consequences for participating countries. The ongoing conflict has led to a sharp decline in Iran's oil exports via the Strait of Hormuz, and the nation has been grappling with decades-old international sanctions.

The economic strain on ordinary Iranians is palpable, as inflation continues to surge and fuel protests demanding change. Diplomatic efforts have been ongoing, with Pakistan's army chief and Oman's foreign minister scheduled to visit Iran in the coming days to discuss a potential resolution to the crisis.