Operation Economic Fury

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

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

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

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

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.

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


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