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

Author: Maziar MotamediPublished on: October 20, 2026Country: Iran
World / InternationalPolitics
Iran denies collapse is close as US claims IRGC running out of money

Iranian authorities reject claims that the country can no longer support its regional allies, while acknowledging that US sanctions and the war have created financial difficulties. CENTCOM chief Brad Cooper says military attacks and a naval blockade of Iran’s southern ports have prevented at least $25bn in oil exports and helped freeze about $350m in cryptocurrency assets. He claims the IRGC is no longer paying its soldiers and that allied groups are withholding fighters’ wages to funnel money back to the Corps. Michael Knights of Horizon Engage says Hezbollah and the Houthis are financially strained but continue to receive Iranian stipends and fuel.

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