U.S. Treasury Secretary Bessent told Fox News that Iran's president and
parliament speaker have publicly acknowledged severe economic distress. He said
the Iranian currency has collapsed, inf has topped 100%, and the government is
unable to pay military salaries. Bessent said the U.S. is imposing the "toughest
sanctions in history" to comprehensively suppress the regime and warned it will
cut Iran off from all economic and political ties and sanction any entities that
do business with Tehran.