Operation Economic Fury

US sanctions network accused of procuring weapons for IRGC as Iran ramps up strikes in Hormuz

Those targeted allegedly used aviation and logistics companies in Iran, Italy, and Russia to source arms and drone components in violation of renewed UN restrictions.

Treasury Secretary Scott Bessent (2nd-R) and Secretary of War Pete Hegseth (R) attend a meeting with U.S. President Donald Trump (L) and Prime Minister of Iraq Ali al-Zaidi in the Oval Office of the White House on July 14, 2026 in Washington, DC.
Allied air power in formation: Israel Air Force F-16 fighter jets fly in formation during a mission against Iran, as the US and Israel conduct unprecedented, fully integrated multi-domain operations against Iranian military targets.

US strikes on Iran strengthen Trump's options for new escalation, officials say

US President Donald Trump speaks at the Gulf Cooperation Council (GCC), in front of U.S. Secretary of State Marco Rubio and Defense Secretary Pete Hegseth, in Riyadh, Saudi Arabia, May 14, 2025.

‘I want to be reimbursed’: How will Gulf nations receive Trump’s push for protection payments?

A yellow flag belonging to the Iran-backed Shia Muslim party Hezbollah flutters on top of the rubble of a building in the southern Lebanese coastal city of Tyre on June 23, 2026.

US-Iran talks to resume in Pakistan, Trump says Netanyahu could visit DC next week


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