Iran's Economy Teeters as US Tightens Sanctions

U.S. President Donald Trump declared Iran 'DEAD' on Monday, stating it's economically and militarily broken after renewed fighting between the two nations.

Treasury Secretary Scott Bessent announced plans to roll out additional secondary sanctions as frequently as every week, focusing initially on banks that facilitate Iranian transactions in the U.S. dollar-based financial system.

Iranian leaders acknowledge growing economic strain due to U.S. sanctions and a naval blockade, which has led to a 35% drop in exports and imports, according to President Masoud Pezeshkian.

Experts agree that Iran's economy is on the verge of collapse, with senior fellow at the Foundation for Defense of Democracies Miad Maleki estimating Tehran needs around 2 million barrels of oil exports per day to support development.