Iran denies collapse is close as US claims IRGC running out of money

Tehran, Iran – Iranian authorities have rejected claims that Iran is unable to support its regional allies, but acknowledged that the United States’ sanctions and the war have created financial challenges. US Central Command chief Brad Cooper claimed last week that a combination of military attacks and a naval blockade of Iran’s southern ports “has dealt severe blows” to the country. The admiral said the US had prevented at least $25bn in Iranian crude exports and helped freeze approximately $350m in cryptocurrency assets. This means the Iranian Revolutionary Guard Corps (IRGC) are now unable to pay their soldiers and Iran-linked regional groups suffering from financial shortfalls.