Trump Claims Iran is 'Collapsing' Amid Rising Tensions

Aug 24, 2026

81 min

Aug 24, 2026 14:30

Trump says Iran ‘collapsing’ as Xi urges diplomatic Mideast solution

## US Prepares New Sanctions Against Iran

The United States is gearing up to impose fresh sanctions on Iran, targeting its trading partners. This move comes as tensions escalate in the Middle East, with Iran threatening to disrupt Gulf oil exports if the economic pressure continues. Iranian security chief Mohsen Rezaei has warned that countries supporting US measures could be seen as engaging in an "act of war."

## Strait of Hormuz Traffic Disrupted

Shipping data reveals that fewer than 20 vessels crossed the Strait of Hormuz over the weekend, indicating ongoing disruptions in this critical energy route. Meanwhile, traffic through Hormuz and Bab El Mandeb showed mixed trends, with some increases in crossings but a decline in laden transits.

## Trump and Xi's Divergent Approaches

President Donald Trump declared that Iran is "collapsing" as the US prepares to announce what it describes as a significant financial offensive against Tehran. In contrast, Chinese President Xi Jinping has called for a diplomatic resolution to the Middle East crisis, emphasizing respect for regional sovereignty during talks with Jordan's King Abdullah II.

## Economic Strain on Iran

Iran's currency, the rial, has hit a new low, exacerbated by the looming US sanctions. The Central Bank of Iran attributes the currency's depreciation to "temporary" factors, blaming American "political propaganda" for the economic challenges.

## Regional and Global Reactions

Iran has dismissed the US's "economic D-Day" threat, questioning the logic behind the need for such measures if Iran's military capabilities have been dismantled. Meanwhile, South Korea announced the cancellation of a joint military exercise with the US due to the ongoing conflict with Iran.

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