Jump to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleNicole Wootton-CaneTuesday 25 August 2026 02:59 BSTTrump administration announces 'economic onslaught' on IranU.S. Defense Secretary Pete Hegseth said on Monday that President Donald Trump's administration was not ruling out using military force against Iran."By no means are we foreclosing using kinetic strikes anywhere in the Strait of Hormuz or around Iran," Hegseth told reporters, adding that Iran could not handle the economic pressure being put on it.The warning follows U.S. Treasury Secretary Scott Bessent's announcement of an economic D-Day featuring new sanctions against Tehran.Bessent cautioned that an unnamed financial institution is set to face U.S. sanctions by the end of the week.Iranian Economy Minister Ali Madanizadeh also asserted that Iran is fully prepared and that the U.S. cannot cut off its financial arteries.In fullIran war latest: Hegseth says US strikes possible against Tehran after ‘economic D Day’ plan unveiledMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in