Trump Declares Iran a "Failed Nation" as U.S. Strikes 2 Launchers and Oil Tops $90
Updated
Updated · Yahoo! Voices · Sep 1
Trump Declares Iran a "Failed Nation" as U.S. Strikes 2 Launchers and Oil Tops $90
3 articles · Updated · Yahoo! Voices · Sep 1
Summary
Truth Social posts from Trump cast Iran as economically and militarily broken, saying it has no viable navy, air force or currency as U.S.-Iran fighting intensifies.
Two Iranian launchers on Larak Island were hit by U.S. forces Sunday after preparations to fire rockets and sea mines into the Strait of Hormuz, and Iran answered with ballistic missiles toward U.S. bases in Jordan.
66% annual inflation in July, a projected 5.4% economic contraction and a nearly 35% drop in exports and imports underscore the strain, while Chinese imports of Iranian crude have fallen to 534,000 barrels a day in August from 1.4 million in 2025.
Weekly secondary sanctions targeting banks are expected next, even as analysts warn deeper economic pain may push Tehran to escalate against Gulf shipping or other U.S. economic assets rather than capitulate.
Brent crude rose more than 2% above $90 and commercial traffic through the Strait of Hormuz remained severely disrupted, showing how the confrontation is spilling into global energy markets.