‘Economy is crashing’: Trump claims Iran is not ‘getting any money from oil’

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US President claimed that US actions have greatly weakened Iran's military, with significant reductions in their navy, air force, and missile production.

US President Donald Trump speaks after signing several executive orders in the Oval Office of the White House in Washington, DC on April 30, 2026. (Photo by Brendan SMIALOWSKI / AFP)US President Donald Trump speaks after signing several executive orders in the Oval Office of the White House in Washington, DC on April 30, 2026. (Photo by Brendan SMIALOWSKI / AFP)(AFP)

U.S. President Donald Trump on Thursday (local time) made multiple assertions regarding Iran, its domestic conditions, and ongoing U.S. actions, claiming that American involvement has helped avert large-scale executions and has substantially weakened Iran’s military capabilities.

Speaking during an executive order signing event in the Oval Office, Trump said Iran had carried out mass killings amid internal unrest, ANI reported.

"Iran killed 42,000 people over the last two months. They were going to kill eight women whose lives I saved. And I appreciate that they didn't do it. I asked them not to do it, but they didn't do it."

Trump framed US operations as ongoing but not a formal war, stating, "And that's despite a military operation. I don't call it a war. I'd rather have a military operation. Iran is dying to make a deal."

"Their economy is crashing. The blockade is incredible. The power of the blockade is incredible. They're not getting any money from oil. And hopefully, it can be worked out very soon," he added.

He asserted that US actions had significantly degraded Iran's military capacity, saying, "Their navy's gone. Their air force is gone, their drone factories are about 82 per cent down, and their missile factories are almost 90 per cent down."

US President further alleged that he personally intervened to stop executions, stating, "They were getting ready to hang the women. I got on the phone very quickly, and I said, 'Don't do it. The whole world is watching."

Trump also described broader alleged repression in Iran, including the execution of a wrestler and his associates for political speech, saying, "They killed him because he protested. They executed him along with his friends."

(With inputs from ANI)

(This is a developing story; check back later for updates)

About the Author

Mausam Jha

Mausam Jha is a journalist who focuses on world affairs and politics. She provides clear, informative reporting with a good understanding of both global events and their local impact. <br><br> Her clear, accessible reporting on political and international issues makes her a trusted source of news and analysis. <br><br> For the past three years, Mausam has worked with Mint, covering national politics, IR—including elections—and global affairs.<br> Before joining her current role, she gained experience working with The Statesman, ANI, and Financial Express, where she honed her skills in political and international news. <br><br> She has consistently tracked key electoral battles, including US elections, Japan elections, policy debates, and strategic affairs, explaining how global currents, from great power competition to regional conflicts <br><br> Beyond journalism, Mausam has a deep engagement with international relations, diplomacy, war studies, terrorism, political history, and political theory. She is particularly interested in the intersection of statecraft and society on how governance, ideology, and institutions shape lived realities, and how politics shape today's world order. <br><br> An avid reader of classical literature and political thought, she constantly explores the connections between historical ideas and contemporary policy challenges.

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