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Trump Launches Sanctions, Blockade Under “Operation Economic Fury”

8/14/2026

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Trump Sanctions Iran
  • U.S. President Donald Trump announced Operation Economic Fury, a sanctions and naval blockade against Iran, on August 11, 2026.
  • The administration says the pressure aims to force Iran to abandon its nuclear program and reopen the Strait of Hormuz.
  • Treasury Secretary Scott Bessent called the sanctions the financial equivalent of a bombing campaign.
  • The International Monetary Fund reported Iran’s economy contracted 5.4% and inflation rose to 88.6%.
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