President Trump stated on August 24th that Iran is “completely collapsing” as the US prepares to announce further sanctions against Tehran. This assertion was swiftly dismissed by Iranian authorities, who characterized it as an admission of failure by the United States. Simultaneously, Houthi rebels in Yemen, aligned with Iran, claimed responsibility for a ballistic missile attack on a Saudi oil tanker near Yanbu. This tanker is a key point for Saudi oil exports following disruptions in the Strait of Hormuz. The attack highlights escalating tensions in the region. The new sanctions are expected to further strain the Iranian economy, already weakened by previous penalties. This series of events underscores the complex and volatile dynamics between the US, Iran, and their regional proxies.