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Fighting Resumes with Iran, Economic Warfare, and US Munitions

Summary by Hudson Institute
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US Treasury Secretary Scott Bessant has said that Iran is economically trapped in a "vortex of death." He said that the impact of economic pressure and military action will eventually force Iran back to the negotiating table. Speaking to reporters in Asheville after the G20 finance ministers' meeting, Bessant said that the US has control over the Strait of Hormuz and rejected claims that Iran has successfully closed this vital sea route. He said…

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Hudson Institute broke the news in Washington, United States on Tuesday, September 1, 2026.
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