Trump says Iran is ‘completely collapsing’

US President Donald Trump said Monday that Iran is “completely collapsing” amid ongoing hostilities between Washington and Tehran.

“IRAN IS COMPLETELY COLLAPSING!!! President DJT,” Trump wrote on his Truth Social platform without elaborating further, mirroring his earlier statements regarding Tehran’s economic and military condition.

On Sunday, Treasury Secretary Scott Bessent said that the US was entering an "economic D-Day" against Iran following what he described as the Trump administration's dismantling of the Islamic Republic's military and nuclear capabilities.

"President (Donald) Trump has dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program," Bessent said in a post on the US social media platform X.

Trump said Friday he still believes Iran was not ready to make "the right deal" with Washington as tightening economic measures have been deployed against Tehran.

"They would love to make a deal, but they're not ready to make the right deal, in my opinion," Trump told reporters.

"They have no money, they have no navy, they have no air force, they are not paying their soldiers, they're not paying their police. They have 350% inflation," he added.

Trump also suggested that the US maintains "complete control" of the region surrounding the Strait of Hormuz, including the crucial waterway and its surrounding land area in southern Iran.

Washington and Tehran signed a memorandum of understanding in June, calling for a cessation of hostilities and the restoration of shipping through the strait. But the deal later fell through amid disputes over the terms of its implementation and the future of navigation through the waterway.

The conflict began in late February with a US-Israeli attack on Iran. Tehran responded by striking targets in Israel and US military bases in the region.