Operation Economic Fury

Trump says Iran 'would love' to make a deal with the US but isn't prepared to make the right one

Trump also said that the US had total control over the "entire region having to do with the Strait of Hormuz."

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026
US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026

'Economic D-Day': Trump threatens economic warfare against countries aiding Iran

US President Donald Trump reacts as he speaks to the media with US Treasury Secretary Scott Bessent behind him, on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

Trump says he will declare Strait of Hormuz a 'territory of the United States' after defeating Iran

 U.S. National Security Advisor Mike Waltz speaks with the media following meetings with a Ukrainian delegation in Jeddah, Saudi Arabia, March 11, 2025.

Iran fears economic sanctions more than military strikes, Trump's UN envoy Mike Waltz says


Israel asks US to allow for expanded Beirut strikes as Hezbollah fires rockets at North

Hezbollah drone reportedly hits, causes injuries in Upper Galilee • IDF pushes into Lebanon • One soldier killed, four wounded in southern Lebanon

IDF shares footage of operation in Beaufort Ridge, May 31, 2026.

After several Hezbollah barrages, IDF warns of intensified fire against northern Israel

WATCH: IDF destroys Hezbollah manned artillery headquarters • Egypt invites Hamas delegation to discuss ceasefire • People run for shelter as Hezbollah rocket barrage hits water near Nahariya beach

Israeli security forces and civilians at the scene where a missile fired from Lebanon toward Israel overnight caused damage in the northern Israeli city of Kiryat Shmona, May 30, 2026.

US imposes fresh sanctions on Iran's military oil sales, Treasury says

In a post on X/Twitter, Bessent asserted that “the Iranian economy and currency are in free fall,” as the US continues enforcing its blockade on Iranian ports along the Strait of Hormuz.

US Secretary of Treasury Scott Bessent testifies during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on "proposed budget estimates for fiscal year 2027 for the Department of the Treasury" on Capitol Hill in Washington, DC, on April 22, 2026.

Islamic regime fires at four ships attempting to cross the Strait of Hormuz

The broadcaster alleged the ships attempted the journey to enter the Persian Gulf “without coordination with the security forces” at 12:35 am local time.

Iranian missiles are displayed at the Islamic Revolutionary Guard Corps(IRGC) Aerospace Force Museum in Tehran, Iran.

Iran agrees in principle to deal that would dispose of enriched uranium, US officials say

The US official told reporters that there was a "broad commitment" on the principles of the documents, and that the Trump team feels positive about where negotiations stand. 

A billboard with Iranian centrifuges illustrations and portraits of nuclear scientists killed in Israeli strikes is displayed on a street in Tehran, Iran August 29, 2025

Trump: Relations with Iran are 'much more professional,' told negotiators to not rush peace deal

The president also called for the US's partners in the Middle East to join the Abraham Accords for peace with Israel.

US President Donald Trump boards Air Force One en route to Joint Base Andrews, Maryland, as he departs Morristown Airport in Morristown, New Jersey, May 22, 2026.

US sanctions Iranian foreign currency exchange, international front companies

“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury.

A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.

US legal adviser says Iran war justified by Tehran's 'aggression' over decades

State Department Legal Adviser Reed Rubinstein made the arguments in a statement released days before a deadline for Trump to obtain congressional approval for the war with Iran.

Anti-war demonstrators attempt to remove a pro-Trump counter-protester during a "No War on Iran" rally outside of City Hall in Seattle, Washington, US, April 7, 2026.

Iran continuing to lay mines in Strait of Hormuz, US official says

In response to Iran placing mines around the Strait, which experts believe are fewer than 100, US President Donald Trump ordered the Navy to "shoot and kill any boat" suspected of doing so.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026