Operation Economic Fury

Iran can still produce 50 ballistic missiles a month, despite US-Israeli strikes - report

Despite major damage to its military infrastructure, the Islamic Republic of Iran "likely has at least 1,700 ballistic missiles remaining," and is building more every day, according to reports.

Missiles shown in Iran's 'missile city,' in a video released by the IRGC on Iranian state media, November 10, 2026.
US Secretary of State Marco Rubio speaks to the press during the G7 foreign ministers summit at the George C. Marshall Center in the Hotel Talleyrand in Paris, France, November 10, 2026.

Rubio says no need for major combat operations against Iran given US economic campaign

An Iranian woman walks next to an anti-Israeli mural on a street in Tehran, Iran, May 18, 2026.

Iran economy faces 25% deeper contraction amid soaring inflation, major employment crisis

People attend a funeral ceremony for the Revolutionary Guards Navy Commander Alireza Tangsiri, who was killed in strikes, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, April 1, 2026.

Sanctions strangle Iranian economy as IRGC goes on high alert over civil unrest risks - analysis


Iran, Oman negotiate framework for Hormuz transit after Trump claims all mines removed from strait

US offers $10 million reward for information on senior IRGC leaders • Hamas, Gazan NGO committee warn parents to stop children flying kites after Israel threatens strikes

 Images of Iran's late Supreme Leader Ali Khamenei and new Supreme Leader Mojtaba Khamenei with replicas of missiles seen during a gathering in Tehran, Iran, August 12, 2026

US can still strike Hormuz targets, Hegseth warns as 'Economic D-Day' takes aim at Iran's economy

"By no means are we foreclosing using kinetic strikes anywhere in the Strait of Hormuz or around Iran," Hegseth told reporters.

US Defense Secretary Pete Hegseth speaks during a Senate Armed Services Committee hearing on US President Donald Trump's FY2027 budget request for the Department of Defense on Capitol Hill in Washington, DC, US, April 30, 2026.

Iran advances plan to charge vessels fees for Strait of Hormuz passage

Under Articles 38 and 44 of UNCLOS, Iran cannot suspend, impede, or charge tolls for vessels passing through the Strait of Hormuz.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.

Trump says Iran 'would love' to make a deal with the US but isn't prepared to make the right one

Trump also said that the US had total control over the "entire region having to do with the Strait of Hormuz."

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026

'Economic D-Day': Trump threatens economic warfare against countries aiding Iran

UAE suspending all trade activities, commercial exchanges and financial transactions with Iran following Trump statement • Trump promises 'economic warfare and isolation on an unprecedented scale'

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026

Trump says he will declare Strait of Hormuz a 'territory of the United States' after defeating Iran

Iranian Deputy Foreign Minister Kazem Gharibabadi responded to Trump's comments later on Friday, saying that "Iran neither fears threats nor cowers before displays of power."

US President Donald Trump reacts as he speaks to the media with US Treasury Secretary Scott Bessent behind him, on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

Iran fears economic sanctions more than military strikes, Trump's UN envoy Mike Waltz says

“When Iran is coming to the table with our negotiators, they are talking about cash, cash, cash. Because they’ll absorb the bombings," Waltz said in an interview with Fox News.

 U.S. National Security Advisor Mike Waltz speaks with the media following meetings with a Ukrainian delegation in Jeddah, Saudi Arabia, March 11, 2025.

Iran to receive hundreds of Chinese shoulder-launched missiles systems in weeks

The contract covers the purchase of between 300 and 400 man-portable air defense systems (MANPADS), including Chinese-made QW-12 and FN-16 missiles.

A member of the Bolivarian National Militia holds a Russian-made 9K338 "Igla-S" (SA-18) man-portable air-defense (MANPAD) surface-to-air missile launcher as he takes part in a rally against US military activity in the Caribbean

US sanctions network accused of procuring weapons for IRGC as Iran ramps up strikes in Hormuz

Those targeted allegedly used aviation and logistics companies in Iran, Italy, and Russia to source arms and drone components in violation of renewed UN restrictions.

Treasury Secretary Scott Bessent (2nd-R) and Secretary of War Pete Hegseth (R) attend a meeting with U.S. President Donald Trump (L) and Prime Minister of Iraq Ali al-Zaidi in the Oval Office of the White House on July 14, 2026 in Washington, DC.

US strikes on Iran strengthen Trump's options for new escalation, officials say

The US military has said its latest bombings have targeted Iranian air defense systems, coastal radar, missile and drone sites as well as small boats and other maritime assets.

Allied air power in formation: Israel Air Force F-16 fighter jets fly in formation during a mission against Iran, as the US and Israel conduct unprecedented, fully integrated multi-domain operations against Iranian military targets.