Operation Economic Fury

Strategy or physical withdrawal: What does Washington’s shift from airstrikes to sanctions signify?

Despite the apparent success of the US’s blockade and sanctions campaign, Iranian officials have repeatedly expressed that they would not falter in maintaining control over the Strait of Hormuz.

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.
US Secretary of the Treasury Scott Bessent takes questions from reporters as he speaks during a press conference in Washington, DC on August 24, 2026. Bessent, in a column for the Financial Times, declared that an "economic D-Day" had begun against Tehran on Monday.

Iran economic sanctions leading to extremist regime elements gaining power, dissident says - report

CENTCOM's Adm. Brad Cooper meets with IDF Chief of Staff Lt. Gen. Eyal Zamir on January 24, 2026.

Shin Bet foils terror plot in West Bank as Iran, Oman reach agreement on shares of Hormuz revenue

 Images of Iran's late Supreme Leader Ali Khamenei and new Supreme Leader Mojtaba Khamenei with replicas of missiles seen during a gathering in Tehran, Iran, August 12, 2026

Iran, Oman negotiate framework for Hormuz transit after Trump claims all mines removed from strait


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