Jack Keane: This is the ONLY card Iran can play

A. LIVE UPDATE WHEN WE GET ANY. NEWS, AS IT HAPPENS. A MAJOR ESCALATION IN THE MIDDLE. EAST. THE U.S. MILITARY POUNDING IRAN. FOR THE FIRST TIME SINCE JULY, STRIKING ROCKET LAUNCHERS IN THE. STRAIT OF HORMUZ. IRAN ALSO FIRING AMERICAN FORCES. IN THE REGION. NOW PRESIDENT TRUMP TELLS FOX. THE U.S. WILL RESPOND BY QUOTE. >> HITTING THEM HARD. WELCOME TO A BRAND NEW HOUR OF. AMERICA'S NEWSROOM. I'M DANA PERINO. BILL HEMMER IS OFF TODAY. GREAT TO HAVE YOU HERE. >> Bill: GREAT TO CLOSE AUGUST.

WITH YOU YOUR FAVORITE MONTH. COMING UP HERE I'M BILL MELUGIN. GOOD MORNING TO YOU ALL. TENSIONS FLARING AS CENTCOM. REPORTS LIMITED ACTION TARGETING. ROCKETS THAT THEY SAY WERE ABOUT. TO LAUNCH SEA MINES INTO THE. STRAIT OF HORMUZ IRAN FIRING. MISSILES AND DRONES AT U.S. FORCES IN JORDAN, ALL OF THEM. REPORTEDLY SHOT DOWN. PRESIDENT TRUMP REMINDING. EVERYONE OF HIS ULTIMATE GOAL. WITH IRAN. >> WE ARE DOING A GREAT JOB. THE FINANCIAL HITS THAT WE ARE. GIVINGNG THEM, WE ARE HITTING TM.

HARD. NO ONE HAS EVER BEEN HIT LIKE. THIS THEY ARE A FAILING NATION. RIGHT NOW. AT THE RIGHT POINT, WE WILL WIN. OR THEY WILL DO SOMETHING BUT I. DON'T MIND WINNING. I DON'T NEED A SIGNATURE ON A. PIECE OF PAPER. >> Bill: WE'VE GOT FOX TEAM. COVERAGE. GENERAL JACK KEANE IS STANDING. BY IN MOMENTS WITH HIS ANALYSIS. FIRST WE SENT IT OUT TO ALEX. HOGAN LIVE FROM THE WHITE HOUSE. >> PRESIDENT TRUMP TELLING FOX. THAT THE U.S. WILL RESPOND TO. IRAN FIRING THESE ATTACKS, THESE. MISSILES AND DRONES AT U.S.

MILITARY TARGETS IN JORDAN. THE UAE SAYS IT INTERCEPTED AN. IRANIAN DRONE BUT A SOURCE TELLS. FOX THAT NEARLY ALL OF THE. INCOMING MISSILES WERE. INTERCEPTED EARLIER YESTERDAY, U.S. TROOPS STRUCK IRAN'S LYRIC. ISLAND TARGETING IRGC FORCES. PREPARING TO DROP ROCKETS WITH. SEA MINES INTO THE. STRAIT OF HORMUZ A. U.S. OFFICIAL TODAY TELLING REUTERS. THAT THE U.S. DID NOT TARGET. KHARG ISLAND. PRESIDENT TRUMP WROTE ONLINE THE. ISLAND WHICH HANDLES OIL EXPORTS. WAS UNDER ATTACK. TRUMP POINTING TO A NEW OIL DEAL.

WITH VENEZUELA, SAYING HE WOULD. FILL UP THE STRATEGIC NATIONAL. RESERVES WITH VENEZUELAN OIL. THE NEWLY ANNOUNCED DEAL ALLOWS. FOR THE DEVELOPMENT OF 17. STRATEGIC OIL FIELDS WITH A. TARGET OF MORE THAN. 1.5 MILLION BARRELS PER DAY. IT WILL RAMP UP MAJORITY CONTROL. OVER THE POTENTIAL OF 65 BILLIOL. RESERVES THE U.S. SAYS THE DEAL. WILL BRING IN NEARLY. $100 BILLION IN PRIVATE. INVESTMENT FOR VENEZUELA'S. ACTING PRESIDENT DELCY RODRIGUEZ. SAYS IT WOULD CREATE MORE THAN.

$200 BILLION IN TAX REVENUE FOR. HER COUNTRY. DEMOCRATS ARE SLAMMING THE NEWS. OF THE AGREEMENT. SENATOR TIM KAINE WRITING, NOW. WE SEE WHY TRUMP INVADED. VENEZUELA AND BOTTOM LINE, USING. OUR TROOPS FOR PRIVATE OIL GRAB. IS CORRUPTION AT AN EPIC SCALE. THIS DEAL WILL REQUIRE A. SIGNIFICANT AMOUNT OF. INFRASTRUCTURE AND INVESTMENT. IT'S STILL UNCLEAR AT THIS POINT. HOW LONG IT COULD BE BEFORE WE. SEE THE OIL TO BE ABLE TO FILL. UP THE RESERVES. >> Bill: ALEX HOGAN KICKING. THINGS OFF FOR US THIS MORNING.

LIVE AT THE WHITE HOUSE. >> Dana: MORE ON ALL OF THIS. WITH GENERAL JACK KEANE. LET'S GET TO IT. IRAN, MAYBE THEY ARE FEELING. FINANCIAL PRESSURE OR SOMETHING. BUT THEY DECIDED TO LAUNCH THESE. MISSILES AND THEY WERE. INTERCEPTED. THE PRESIDENT SAYS HE WILL HIT. THEM BACK HARD. WHAT DO YOU THINK WE. >> FIRST OF ALL, NOT SURPRISING. THE IRANIANS ARE DOING SOMETHING. ABOUT THE STRAIT OF HORMUZ. IT WAS THE VEHICLE THAT THEY. IMPOSED ON US ON MARCH SECOND, JUST A FEW DAYS AFTER WE BEGAN. THE WAR ONON FEBRUARY 28TH.

REMEMBER, IT IS THEIR MAJOR. LEVERAGE POINT. WE WENT TO A CEASE FIRE WITH. THEM ON APRIL SEVENTH AS A. RESULT OF THEM SHUTTING DOWN THE. STRAIT OF HORMUZ BECAUSE THEY. SAID THEY WANT TO NEGOTIATE OVER. IT. HERE WE ARE FIVE MONTHS LATER. THERE HAS BEEN NO SUCCESSFUL. NENEGOTIATION OVER THE STRAIT OF. HORMUZ. BUT WE IMPOSED A NAVAL BLOCKADE. A WEEK AFTER THAT ON APRIL 13TH. THAT CERTAINLY HAS HAD AN IMPACT. HERE. THE OTHER THING THAT WE'VE DONE.

IS WE CLEARED NOT ONLY THE. CORRIDOR THAT'S CLOSEST TO A FOR. SHIPPING AND WE'VE BEEN PASSING. SHIPPING THROUGH THERE FOR WEEKS. BUT CENTRAL COMMAND HAS CLEARED. THE CENTRAL BADR WHICH IS LIKELY. WHERE THE MINES WERE HEADING BY. SHIPPING ROCKETS IN THAT. DIRECTION. I THINK CLEARLY THE IRANANIANS E. IN A DESPERATE MOOD HERE THAN. WHAT WE'VE SEEN IN THE PAST BY. OPPOSING THIS NOW. OBVIOUSLY WE DEALT WITH THAT.

PREEMPTION AUTHORITY IF. IF HE SEES IRAN TRYING TO DO. SOMETHING, HE DOESN'T HAVE TO. ASK PERMISSION TO ACT BECAUSE HE. SAW THAT TAKING PLACE AND HE. LAUNCHED AND DESTROYED THAT. CAPABILITY. NOW THE IRANIANS HAVE RETALIATED. AGAINST US. WE'D BEEN REPORTING THE. PRESIDENT DOESN'T STAND FOR THAT. AND LIKELY WILL RETALIATE QUITE. CONSIDERABLY HERE BACK AT THE. IRANIANS. IN FOCUS CERTAINLY ON ANY MEANS. THERE TO DEAL WITH DISRUPTING. THE STRAIT OF HORMUZ.

BILL AND DANA, WHAT THE IRANIANS. HAVE LEFT IN LEVERAGE IS JUST. THE STRAIT OF HORMUZ. THAT'S IT. THEY SEE IT AS A STRATEGIC ASSET. BUT AS WE'VE BEEN REPORTING. STEADILY, THE TREND IS UP ON. MOVING SHIPS THROUGH THE STRAIT. OF HORMUZ, PARTICULARLY IN THE. CORRIDOR OFF THE COAST OF OMAN. AND THEY ARE DOING THAT QUITE. SUCCESSFULLY AND THAT HAS GOT TO. BE FRUSTRATING THE IRANIANS. BECAUSE THIS IS THE ONLY CARD. THAT THEY HAVE TO PLAY IS THE. STRAIT OF HORMUZ AND THEY ARE. BEGINNING TO GRADUALLY LOSE IT.

HERE. >> YOU HAVE THE INSTITUTE FOR. THE STUDY OF WAR. I PICKED UP ON THIS ANALYSIS. FRIDAY THAT THE REGIME APPEARS. INCREASINGLY FOCUSED ON. PREVENTING WORSENING ECONOMIC. GRIEVANCES FROM PRODUCING. RENEWED UNREST. THIS COMES AFTFTER TREASURY. SECRETARY SCOTT BESSENT LAST. WEEK PUT FORWARD OPERATION. OUTCAST. ALSO SAID AHEAD OF THE G20. FINANCE LEADERS MEETING, YOU'RE. GOING TO SEE A LOT MORE OF THESE. EVERY WEEK. WE ARE STARTING WITH THE BANKS. AND TELLING THE BANKS IT'S NOT. OKAY TO HAVE IRANIAN MONEY, AND. TO AID THE REGIME.

WHAT CAN YOU TELL US ABOUT THAT. ASPECT OF THE WAR. >> WHAT THE SECRETARY IS DOING. HERE, I THINK, IS THE MOST. COMPREHENSIVE ATTEMPT AT. ECONOMICALLY SO SHE'S GOING. ABOUT AFTER ANYBODY THAT'S DOING. TRADING WITH THEM THE TRYING TO.

CALCULATE E, TÜRKIYE, IRAQ, INDIA PAKISTAN AND RUSSIA. THEY WILL RECEIVE HEAVY FOCUS. WHAT WE LEARNED FROM THE TRUMP. ADMINISTRATION AND FROM. SECRETARY POMPEO WHO WAS. INVOLVED IN THAT, WITH THE. SECRETARY OF TREASURY THEN IS. THAT ENFORCEMENT IS KEY HERE. SOMEONE'S SOME OF THESE E NATIOS. TELL YOU THEY'RE GOING TO COMPLY. AND WEEKS LATER THEY ARE NOT. COMPLYING AS MUCH AND MONTHS. LATER THEY ARE NOT COMPLYING AT. ALL. ENFORCEMENT IS ALSO KEY. BUT THIS PATHWAY THAT THE.

SECRETARY HAS CHOSEN, THE. MAGNITUDE OF IT, NO ONE HAS. ATTEMPTED BEFORE. BUT WE ARE -- WE HAVE SEEN IT. WITH RUSSIA, THEY FIGURE OUT HOW. TO WORK AROUND SANCTIONS. IRAN HAS BEEN WORKING AROUND. SANCTIONS FOR YEARS. WE ARE ON TO ALL OF THE. WORKAROUNDS AND THAT IS WHAT IS. SO DIFFERENT HERE. HE'S GOING AFTER THOSE. WORKAROUNDS FROM THE OUTSET AND. THATAT SHOULD ABSOLUTELY IMPOSEA. DIFFERENCE. HOW MUCH SUFFERING REGIME IS. WILLING TO TAKE IS UNKNOWN.

THEY DON'T KNOW THEMSELVES. WHAT THEY DO KNOW, AND I THINK. WHERE THEY ARE COMING FROM IS. THAT THEY BELIEVE THEY CAN. OUTLAST US HERE. THEIR INTENT IS TO STICK WITH. THIS, ABSORB THE BLOW, SO TO. SPEAK, AND HOPEFULLY. PRESIDENT TRUMP DOESN'T DO WELL. IN THE MIDTERM ELECTIONS AND THE. DEMOCRATS TRY TO SHUT THIS WAR. DOWN. THAT'S KIND OF WHERE THEIR HEAD. IS. THEY DON'T CARE ABOUT THE PEOPLE. TO BE SURE. BUT SECRETARY BESSENT IS. EMPLOYING SOMETHING HERE THAT. ABSOLUTELY WILL HAVE SOME.

IMPACT. AND JOY REID, MY SOURCES, IRANIAN PEOPLE I KNOW WHO HAVE. FAMILY THERE, THERE IS. UNBELIEVABLE UNREST AND. FRUSTRATION IN THE COUNTRY. IF THAT BOILS OVER AND MANIFESTS. ITSELF INTO PROTESTS AGAIN, WE. LIKELY MAY SEE THAT HAPPENING. >> Dana: THE PEOPLE OF IRAN. DESERVE A LOT MORE THAN THEY ARE. GETTING FROM THEIR GOVERNMENT. INDEED. GENERAL JACK K.