Security Cabinet officials 'frustrated' over MoU, believe economic collapse imminent - exclusive

<img align='right' src='https://images.jpost.com/image/upload/f_auto,fl_lossy/q_auto/c_fill,g_faces:center,h_3667,w_5500/724475' alt='A woman holds an Iranian flag near an anti-US billboard depicting US President Donald Trump and the Strait of Hormuz, in Tehran, Iran, May 25, 2026. (photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS)' title='A woman holds an Iranian flag near an anti-US billboard depicting US President Donald Trump and the Strait of Hormuz, in Tehran, Iran, May 25, 2026. (photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS)' /><br />According to two sources familiar with the discussion, ministers were told that Iran's economy had deteriorated sharply under the US-led naval blockade of the Strait of Hormuz.<br />