U.S. President Donald Trump has heightened his rhetoric against Tehran, declaring that Iran is 'collapsing totally.' This comes just hours before his administration reveals new stringent economic sanctions designed to further isolate the Islamic Republic and pressure its trade and financial channels.
Trump announced Monday on his platform 'Truth Social' that 'Iran is collapsing totally!' without providing further details. Meanwhile, the U.S. Treasury Department is set to expand secondary sanctions on entities and countries continuing economic engagements with Tehran.
This move is part of an American pressure campaign described by Treasury Secretary Scott Besant as unprecedented. He remarked on the 'largest financial assault' on Iran, aiming to strangle its trade and financing, and to press trading partners into choosing between maintaining relationships with Iran or facing restrictions linked to the dollar-linked financial system.
This U.S. escalation coincides with increased pressures on the Iranian economy, as the rial fell to a record low of around 2.02 million per dollar in the unofficial market on Monday. Markets are now anticipating the new U.S. measures and their impacts on Iran's economy.