Treasury Secretary Scott Bessent appeared on Meet the Press on March 22, 2026, declaring that U.S. forces have demolished Iran’s air force and navy while initiating a campaign to dismantle Iranian fortifications along the Strait of Hormuz. The announcement comes as part of a broader U.S.-Israeli military effort in response to Iran’s closure of the strategic strait earlier this month, which has disrupted 20% of global oil shipping. Bessent noted that Generals Caine and Hegseth are leading the campaign to neutralize these key defensive positions.

The military campaign aligns with broader U.S. and Israeli efforts to respond decisively to Iranian provocations while ensuring global economic stability. Congressional analyses and open-source reports have documented the sharp rise in oil prices and the threat to international shipping caused by Iran’s actions. By systematically dismantling Iran’s strategic positions, U.S. officials aim to reduce further risks to regional security and commerce.

As operations continue, officials stress that the campaign is designed to minimize collateral damage while maintaining operational pressure on Iranian forces. The focus on the Strait of Hormuz underscores the intersection of military strategy and global economic interests, with U.S. and allied forces working to secure a vital maritime corridor. The evolving situation highlights the high stakes of the U.S.-Israeli confrontation with Iran.