US President Donald Trump declared Iran a "failed" and "dead" nation in a social media post published today (Monday).
"Iran is officially a Failed Nation. IT IS DEAD! They have no Navy, they have no Air Force, they have no currency, they are not paying their soldiers or police, Inflation is at 300%, and their leadership is in total disarray and incapable of properly representing the country," Trump wrote on his Truth Social platform.
"The only thing they have is FAKE NEWS from the USA, a willingness to kill their protesters (now over 100,000 people dead. They must be tried for war crimes against humanity!), and a good line of “BULLSH-." Thank you for your attention to this matter! President DONALD J.TRUMP," he added.
Separately, Trump told Fox News on Monday that the US will respond to the Iranian attack on US forces overnight in Jordan, saying: "We're going to hit them hard; there will be a response."
The President indicated that all except for one missile were intercepted.
US Treasury Secretary Scott Bessent announced on Sunday that the Trump administration is preparing to sanction another bank this week as Washington steps up its campaign to isolate Iran financially.
"This is going to be financial violence if we have to," Bessent said in an interview with the Associated Press. "We are showing people that we know who you are, you know who you are, and this has got to stop."
Bessent made the comments ahead of Group of 20 meetings in Asheville, North Carolina, where he is scheduled to hold separate discussions with finance officials representing the world's major economies as well as developing nations. A key focus of his meetings will be securing international cooperation against Iran.
The administration has increasingly shifted its focus toward economic measures as the conflict with Iran enters its sixth month. Washington has described the effort as an "economic D-Day" against Tehran, which has already faced extensive US sanctions for decades.
Last week, Bessent announced "Operation Economic Outcast," a campaign designed to further isolate Iran and restrict the flow of money to its government. The United States subsequently announced new sanctions against UAE branches of Egypt's Banque Misr.
Under the Treasury Department's proposal, the Financial Crimes Enforcement Network (FinCEN) would block Banque Misr UAE from correspondent banking relationships with US financial institutions, limiting its ability to conduct dollar transactions involving Iran.