https://www.live-feeds.com/feed/scott-bessent-says-iran-s-economy-is-collapsing-as-treasury-tightens-financial-viseContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/scott-bessent-says-iran-s-economy-is-collapsing-as-treasury-tightens-financial-visehttps://www.live-feeds.com/feed/scott-bessent-says-iran-s-economy-is-collapsing-as-treasury-tightens-financial-vise#u164606Sat, 31 Oct 2026 04:02:48 +0000US Treasury Secretary Scott Bessent warns that Iran's economy is collapsing due to intensifying US sanctions, predicting a contraction of more than 25% in the year ending March 2027. The Iranian economy is struggling with rapid price hikes, food shortages, and fuel scarcity. Bessent advises Iranians to stock up on gasoline and heating fuel ahead of expected shortages.Why it mattersThe US has been imposing economic sanctions on Iran since 2018, when President Donald Trump withdrew from the Iran nuclear deal. The sanctions have severely impacted Iran's economy, causing high inflation,