UpdatedAFP24 Aug, 2026 05:54 PM3 mins to readUS President Donald Trump says economic sanctions are crippling Iran. Photo / Getty ImagesUS President Donald Trump says economic sanctions are crippling Iran. Photo / Getty ImagesUS President Donald Trump says that Iran was “collapsing” as Washington prepared to announce the details of a new economic pressure campaign that Tehran has derided as an admission of defeat.

Almost six months into their war, the two sides are locked in a stalemate, with peace talks stalled, Iran