A currency dealer counts U.S. dollars in Tehran's Grand Bazaar on Aug. 17, 2026. (Credit: Majid Asgaripour/Reuters)
"Stay tuned for other announcements next week. We are going to implement unprecedented measures to economically isolate a country," warned U.S. Treasury Secretary Scott Bessent on Thursday, Aug. 13. Shortly after, his colleague at the Department of War, Pete Hegseth, warned in reference to the embargo imposed on Iranian ports: "The U.S. Navy can maintain a blockade like this indefinitely." These threats come after President Donald Trump declared that the Strait of Hormuz was fully controlled by the United States, even though the framework agreement signed in June — already void since hostilities resumed last month — has now officially expired.Military pressure has not managed to make the Islamic Republic yield. Operation "Epic Fury," launched on Feb. 28, did decapitate the leadership, including Supreme...
"Stay tuned for other announcements next week. We are going to implement unprecedented measures to economically isolate a country," warned U.S. Treasury Secretary Scott Bessent on Thursday, Aug. 13. Shortly after, his colleague at the Department of War, Pete Hegseth, warned in reference to the embargo imposed on Iranian ports: "The U.S. Navy can maintain a blockade like this indefinitely." These threats come after President Donald Trump declared that the Strait of Hormuz was fully controlled by the United States, even though the framework agreement signed in June — already void since hostilities resumed last month — has now officially expired.Military pressure has not managed to make the Islamic Republic yield. Operation "Epic Fury," launched on Feb. 28, did decapitate the leadership, including Supreme...
Trump warns of economic consequences for any country that supports Iran