UPDATED Aug 29, 2026 at 4:06 AM ET
Aug 21, 2026 at 8:13 AM ET
Iran’s economy minister Ali Madanizadeh said Tehran is fully prepared for US “economic D-Day” sanctions and warned that Gulf neighbors joining the US economic war would be treated as enemies. US defense secretary Pete Hegseth said economic measures do not rule out kinetic strikes in the Strait of Hormuz or around Iran, while US Treasury Secretary Scott Bessent pledged tighter secondary sanctions on Tehran’s trade partners.
WHO: Ali Madanizadeh; Pete Hegseth; Scott Bessent
WHAT: Iran vowed retaliation and warned Gulf neighbors after Trump unveiled “economic D-Day” sanctions; US officials said economic pressure would not preclude kinetic strikes and promised additional secondary sanctions.
WHEN: Reported Aug 25, 2026 at 1:10 AM ET
WHERE: Iran; Strait of Hormuz
WHY: The remarks were triggered by Trump’s unveiling of “economic D-Day” sanctions against Tehran and the US plan to tighten secondary sanctions on Iran’s trade partners.
