World

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

Al Jazeera October 20, 2026 6 views

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Tehran has firmly denied that its economy is on the verge of collapse, pushing back against recent assertions by Washington that the Islamic Revolutionary Guard Corps (IRGC) is facing a severe shortage of funds.

Despite acknowledging significant financial strain, Iranian authorities have adopted a defiant stance regarding the ongoing economic pressures. Officials stated that their primary objective is to lift the US-imposed blockade and sanctions, but only on terms that are favorable to Iran.

The dispute highlights a sharp divergence in narrative between the two nations. While US claims suggest the IRGC is running out of money, Tehran rejects this characterization, framing the current situation not as a sign of imminent failure, but as a challenge they are prepared to navigate on their own diplomatic and economic schedule.

This exchange underscores the continued tension in US-Iran relations, where economic leverage remains a central point of contention. The Iranian government’s insistence on negotiating from a position of strength suggests that internal financial difficulties have not yet translated into a willingness to concede to external demands.

<small>Source: Al Jazeera — read the original story there.</small>

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