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2026-08-24T13:17:05.000Z

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Oil stays steady before Iran sanctions
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Trump Claims Iran Is Collapsing

Trump Claims Iran Is Collapsing

U.S. President Donald Trump confirmed that Iran is collapsing entirely, announcing that his administration has launched the largest financial attack against Tehran. This includes a new package of sanctions targeting Iran's economic relations with the world. U.S. Treasury Secretary Steven Mnuchin explained that Washington is determined to sever all economic ties with Iran, and that countries continuing to do business with Tehran may face isolation and warnings of withdrawing from their own markets. Conversely, nations that distance themselves from Iran are expected to benefit from strengthened relationships with global markets, which is anticipated to weaken Iran’s economic influence and increase the country's international isolation.

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