Event details
Trump told Fox News the US would hit Iran "hard economically" with nuclear and Strait of Hormuz negotiations stalled, after Treasury Secretary Scott Bessent said measures "never before seen" could arrive as soon as next week.
Context
New sanctions could further squeeze Iran's economy and complicate any near-term reopening of the Strait of Hormuz, prolonging the oil-stockpile drawdown the IEA has flagged as a top global energy security risk.
- Local time
- 3:44 PM New York time, Aug 14, 2026
- Location
- Washington, D.C., United States
- Relationship
- Update