US to hit Iran hard economically, Trump says

US to hit Iran hard economically, Trump says | Middle East Eye

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**This is an entry from: Live: Trump says he will 'soon' declare Hormuz strait US territory**

US to hit Iran hard economically, Trump says

14 August 2026 20:44 BST

US President Donald Trump told Fox News on Friday that the United States will hit Iran hard economically, as Washington and Tehran struggle to reach a deal to end a nearly six-month war.

His comments came a day after US Treasury Secretary Scott Bessent said the US would impose measures on Tehran that have "never been seen" as soon as next week.

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