Trump: Iran’s Economy Is Totally Shot, It’s Just a Question of Time
President Donald Trump said Wednesday evening that Iran has been left militarily weakened and economically devastated by the latest wave of U.S. strikes, declaring that American forces now control the Strait of Hormuz and predicting that Tehran may not be able to withstand the pressure much longer.
Speaking during an event in the White House Rose Garden, Trump singled out Secretary of War Pete Hegseth for praise following the previous night’s U.S. military operation against targets in Iran.
“You did a good job last night in Iran, by the way. You knocked the hell out of them. Very good.”
The president portrayed the campaign as overwhelmingly successful, saying Iran has been stripped of much of its naval and air power and has suffered extensive losses to its military leadership, weapons and technology.
Trump to Hegseth: You did a job in Iran last night. You knocked the hell out of them. We’re winning that one very big btw. They don't have any aircraft, anything having to do with aircraft or ships. They're all at the bottom of the sea or at the bottom of a runway pic.twitter.com/VydLK50Wdw
— Acyn (@Acyn) September 2, 2026
“We’re winning that one very big, by the way, in case you haven’t noticed. They don’t have a Navy. They don’t have an Air Force. They don’t have any aircraft. Anything having to do with aircraft or ships, they’re all at the bottom of the sea or at the bottom of a runway. Their leaders are gone. All of their technology is gone. Their weapons are largely gone. Other than that, they’re doing quite well.”
Trump said Iran’s problems extend far beyond the battlefield, pointing to soaring inflation, a collapsing currency and severe deterioration throughout the country’s economy.
“Their economy is totally shot. Their economy is the worst anywhere in the world, they said this morning. They have close to 300% inflation, their money is valueless. They’re not doing well at all, so it’s just a question of time,” added the President.
According to Trump, the U.S. military effort is aimed at defending Israel and the broader Middle East while also preventing Iran from eventually threatening Europe and American cities.
“We’re doing it to help the Middle East, we’re doing it to help Israel, we’re doing it to help ourselves, because after they annihilate Israel, which they would’ve done very gladly, and then the Middle East, then they come after Europe and they come after some of our cities before we put them away.”
The president also addressed the strategically critical Strait of Hormuz, asserting that the United States has established control over the waterway and that oil tankers are continuing to travel through despite Iran’s attempts to interfere with maritime traffic.
“But we’re doing really well with Iran. We now control the Hormuz Strait. We have many boats going through that every day, every night. Many boats loaded up with oil. So far they’ve done very little to be able to stop it.”
Trump’s comments in the Rose Garden followed remarks he made several hours earlier to reporters in the Oval Office, where he suggested that the renewed fighting with Iran may be relatively short-lived.
When questioned about how long he expected the latest round of hostilities to continue, Trump replied, “Not too long”. He followed that assessment by questioning Iran’s ability to absorb much more punishment from the United States.
“I don’t think it will be very much longer. I don’t know how much more they can take,” Trump said of Iran.
The president also provided details about the U.S. strikes carried out the previous night, saying American forces destroyed recently constructed Iranian military equipment deployed around the Strait of Hormuz, including both offensive and defensive systems.
“We hit them very hard last night. We took out all of the new equipment that they tried to build along the Strait of Hormuz, some defensive, some offensive. They were trying to see the ships because they can’t see the ships. They can’t see them because they have no radar, because we blew it up.”
Trump made clear that Washington remains ready to launch further attacks should the administration determine that additional military action is required.
“It was a very heavy attack last night, and we are prepared to do another one anytime we want,” he stressed.
The renewed U.S.-Iran fighting comes amid warnings from Israel’s defense establishment that another direct clash involving Tehran may be increasingly likely.
Defense Minister Israel Katz said Wednesday that Iran’s worsening economic situation, coupled with growing pressure on the regime, could prompt Tehran to initiate a direct military confrontation with Israel. Katz said Israeli forces are prepared for such a possibility.
“We are prepared for both defense and offense, in coordination with the United States,” he said.
Katz said Israel is prepared to act regardless of what ultimately prompts an Iranian attack, citing several possible regional flashpoints.
“If they attack because of Lebanon, because of Samaria, because of Gaza, or simply because they feel like it, our planes are ready to take off.”
{Matzav.com}