Bessent: Iran's Economy Is Collapsing - and More Pain Is Coming
Iran's economy is reportedly in free fall due to Operation Economic Fury, with troops not getting paid and the police not reporting for work. The Iranian economy and currency are experiencing significant decline, and the US has sanctioned Iran's Persian Gulf Strait Authority. The US will not tolerate any effort to impose a tolling system in the Strait of Hormuz, and has warned Oman against joining with Iran in such efforts.
- ▪The US Treasury has sanctioned Iran's Persian Gulf Strait Authority
- ▪Iran's economy is in free fall, with troops not getting paid and the police not reporting for work
- ▪The US has warned Oman against joining with Iran in imposing a tolling system in the Strait of Hormuz
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Bessent: Iran's Economy Is Collapsing - and More Pain Is Coming By Nick Arama | 3:10 PM on May 28, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Jose Luis Magana As we reported, a Memorandum of Understanding (MOU) has reportedly been reached by negotiators between Iran and the U.S., but it hasn't been approved by President Donald Trump. We'll keep you apprised on that, but so far, the White House hasn't confirmed anything. Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_2"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_2"]]) }); Iran was trying to float a fake MOU that the White House had called out the day before, but this new report was allegedly based on U.S.
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