US military strikes against Iran NOT off the table, Hegseth says

>> Brian: IN THE MIDDLE EAST THE. TRUMP ADMINISTRATION ANNOUNCING. HARD-HITTING ECONOMIC SANCTION. ONCE IRAN AS THE WAR SECRETARY. SAYS THE USE OF MILITARY FORCE. STILL IN PLAY. CHIEF FOREIGN CORRESPONDENT TREY. YINGST JOINS US LIVE FROM TEL. AVIV WITH THE DETAILS. TREY, HOW DID THAT BIG. ANNOUNCEMENT GO OVER YESTERDAY? >> YEAH, HEY, BRIAN, ON MONDAY, SECRETARY OF TREASURY SCOTT. BESSENT ANNOUNCED OPERATION. ECONOMIC OUTCAST, A U.S. PLAN TO. ISOLATE THE IRANIAN REGIME.

AMONG THE NEW SANCTIONS THAT. WERE ANNOUNCED ARE SECONDARY. SANCTIONS THEY ARE TARGETING A. VARIETY OF DIFFERENT ASSETS. TECHNOLOGY, GOLD, AVIATION AND. SHIPPING. IN ADDITION TO TREASURY. DEPARTMENT SANCTIONED NEARLY 06. ENTITIES, VESSELS IN MULTIPLE. JURISDICTIONS. THE ACTIONS GO AFTER WHAT THE. DEPARTMENT DESCRIBES AS A. NETWORK OF SHADOW FLEET VESSELS. OPERATING ACROSS MANY DIFFERENT. COUNTRIES. IRANIAN OFFICIALS THREATENED. RETALIATION TO THE ECONOMIC. MEASURES WITH THE COUNTRY'S. FOREIGN MINISTRY SPOKESPERSON. SAYING THIS:

>> ANY COMPLICITY WITH THE. UNITED STATES IN CARRYING OUT. ITS AGGRESSIVE ACTIONS AGAINST. IRAN WILL CERTAINLY HAVE. CONSEQUENCES. EVEN NOW, THE NAVAL BLOCKADE OF. IRAN AMOUNTS TO AN ACT OF. AGGRESSION. ANY ESCALATION OF THIS SITUATION. WILL UNDOUBTEDLY BRING ABOUT. CONSEQUENCES OF ITS OWN. >> EARLY THIS MORNING, ANOTHER. TANKER WAS STRUCK IN THE STRAIT. OF HORMUZ WITH AN UNKNOWN. PROJECTILE WHILE TRANSITING THE. U.S. APPROVED SOUTHERN ROUTE. THE DAMAGE TO ENGINE ROOM AND.

DISABLED. SECRETARY OF WAR PETE HEGSETH. WARNED IRAN AGAINST TAKEN ACTION. ON MONDAY. >> IF IRAN IS FOOLISH ENOUGH TO. OVERPLAY THEIR HAND, OR MESS. WITH THE AMERICAN MILITARY, WE'LL DO WHAT WE NEED TO DO, BUT. ECONOMIC PRESSURE WE KNOW HURTS. THEM THE MOST RIGHT NOW. AND BUT BY NO MEANS ARE WE. FORECLOSING USING KINETIC. STRIKES ANYWHERE IN THE STRAIT. OF HORMUZ OR AROUND IRAN. >> WE'RE ALSO TRACKING ANOTHER. DEVELOPMENT IN THE REGION, SYRIA. HAS BEEN TAKEN OFF THE U.S.

STATE SPONSOR OF TERRORISM LIST. THIS WAS MET WITH PRAISE BY. SYRIAN PRESIDENT AHMED AL-SHARAA. WHO SAID HIS COUNTRY IS FOCUSED. ON REBUILDING, BRIAN? >> Brian: ALL RIGHT. TREY, THANKS SO MUCH. APPRECIATE IT. >> OUR OBJECTIVE IS TO SEVER. EVERY ECONOMIC PIPELINE THAT. SUSTAINS THIS TYRANNICAL REGIME. UNTIL TEHRAN STANDS ALONE. IRAN NOW FACES A VERY CLEAR. CHOICE WITH ONLY TWO PATHS.

BEFORE THEM, COMPLETE GLOBAL. ISOLATION AND A SUBSISTENCE. ECONOMY OR A PAT BACK TO. NORMALCY WITH A PATH TO REJOIN. THE ECONOMY. TODAY WE ARE LAUNCHING ECONOMIC. OUTCAST TO FORECLOSE EVERY OTHER. OPTION AVAILABLE TO THE IRANIAN. REGIME. >> Brian: ALL RIGHT THERE YOU. GO. TREASURY SECRETARY SCOTT BESSENT. ANNOUNCING OPERATION ECONOMIC. OUTCAST. HERE TO BREAK IT DOWN CO-HOST OF. THE BIG KNOWN SHOW BECAUSE IT.

ALL ABOUT MONEY RIGHT NOW. FOX BUSINESS TRITION. >> THANKS FOR HAVING ME. >> WHAT DID YOU THINK OF THE. CALLED OUT PEOPLE LIKE THE UAE, STARTED CONSULT OFF IRAN. WHEN A REPORTER ASKED HIM ABOUT. IT, HE SAID THAT MAY NOT BE A. COINCIDENCE. ACTUALLY MAYBE MORE CAUSIZATION. OF SOME OF THE PHONE CALLS WE. ARE MAKING. WE WILL BE EXPECTING ANOTHER BIG. BANK TO COME OUT BY FRIDAY AND.

ALSO TALK ABOUT SANCTIONS. WE ARE LOOKING AT MAYBE HONG. KONG, DUBAI OR SINGAPORE AS SOME. OF THESE COUNTRIES START TO CUT. OFF IRAN E MENTIONED, JUST QUICK. DELAY BERLIN WALL. HE SAID THE BERLIN WALL FELL. WHEN SOLDIERS STOPPED SHOOTING. THEIR OWN PEOPLE. I THINK THAT WAS A CALLOUT TO. THE IRGC. IF YOU STOP GETTING PAID, WHAT'S. YOUR MOTIVATION TO SHOOT YOUR. PEOPLE IF YOU JUST STOP, THAT. GIVES THAT COUNTRY AND THE. PEOPLE A CHANCE TO UPRISE AND. PULL DOWN THAT BERLIN WALL MET. FOR. >> Brian: THE PROBLEM ARE THE.

IRGC ARE THE WORST OF THE WORST. THEY ARE TRUE TERRORISTS. THEY WANT TO FINANCIALLY ISOLATE. IRAN. ONE OF THE BIG THINGS WITH THIS. IS THE UAE, COMING ON BOARD. RIGHT AWAY, NUMBER ONE TRADING. PARTNER. THEY REFINE MOST OF THE OIL THAT. IRAN HAS. AND THEY ARE THE NUMBER ONE. EXPORTER AND IMPORTER OF IRANIAN. GOODS. SO THAT IS HUGE. THE TARGETS, OIL SHIPPING, TECHNOLOGY, GOLD AND DIGITAL. ASSETS. THEY DO A LOT WITH. CRYPTO-CURRENCY, DON'T THEY? >> THEY DO. HERE'S THE ONE CONCERN THAT I. HAVE. WHEN WE WERE PUTTING SANCTIONS. ON RUSSIA, THEY SAID OKAY, FINE,

WE WON'T USE DOLLAR, WE ARE. GOING TO TRADE THE CHINESE. CURRENCY. THEY WERE ABLE TO EVADE A LITTLE. BIT AND GO INTO THINGS LIKE. CRYPTO OR SOME OF THESE OTHER. DARK ASSETS. I JUST WANT TO BE SURE THAT WHEN. WE ARE PUTTING SANCTIONS AND. CUTTING OFF IRAN FROM THE U.S. FINANCIAL SYSTEM, THE DOLLAR, THAT THEY DON'T THEN JUST GO. TURN AROUND AND USE A BRICK. CURRENCY OR CHINESE, THAT COULD. BE SORT OF THE BACK HANDED. UNINTENDED CONSEQUENCE OF WHEN. YOU USE THE DOLLAR AS THAT.

NEGOTIATING TOOL, MAKE SURE THAT. THEY CAN'T GET AROUND IT. >> Brian: WE DON'T WANT PEOPLE. TO GET OFF THE DOLLAR AS THE. WORLD CURRENCY. >> BINGO. >> Brian: 2 TRILLION RIELLE FOR. EVERY 1 DOLLAR. THAT'S CRAZY. 2 MILLION. U.S. WARNING THE COUNTRIES DOING. BUSINESS USE ACCESS TO THE U.S. SYSTEM. I WONDER WHAT CHINA WILL DO. >> THE U.S. DOLLAR IS THE. WORLD'S RESERVE CURRENCY.

EVEN THOUGH THEY HAVE BEEN. TRYING TO COME IN AND MAKE PLAYS. THERE IS NOTHING REPLACE THE. DOLLAR. >> CURRENT ACTION, THE NUMBER. IRANIAN ECONOMY WE SEE THE. RELEVANCE THERE THEIR CURRENCY. AND SEE THIBLE INFLATION IS OUT. OF CONTROL. YOU THINK YOU'RE UPSET WITH 3%. INFLATION? HOW ABOUT 90? FINALLY LOOK AT THE COUNTRIES. THAT DO TRADING AND DEALS WITH. IRAN. THIS IS THE BIG ONE. PRESIDENT XI IS SUPPOSED TO COME. HERE THREE WEEKS. WE PUT PRESSURE ON THEM AND. JEOPARDIZE THAT RELATIONSHIP. >> THE ONLY OTHER CAVEAT TO. THAT, CHINA IS THE THIRD LARGEST.

HOLDER OF OUR DEBT AFTER THE. U.K. AND JAPAN. NOW, THEY ONLY HOLD ABOUT. $630 BILLION OF TREASURY, THAT. IS 2% OF OUR DEBT. BUT WE NEED THEM TO BUY OUR. DEBT. BUT, STILL, I DON'T THINK THAT. THEY WOULD RETALIATE IN THAT. WAY. BUT CHINA IS THE BIGGIE TO WATCH. GIVEN THE TENSIONS THAT WE HAVE. INDIA, LISTEN, GIVING YOU A. MONTH TO GO SOMEWHERE ELSE FOR. OIL AND GAS. THE PRESIDENT HAS GREAT. RELATIONSHIP WITH MODI AND. ERDOGAN. THEY HAVE NOT BROKEN UP TRADE. DEALS. ALSO, WHEN IT COMES TO PAKISTAN,

THEY ACTUALLY DID A DEAL WITH. IRAN A FEW WEEKS AGO. AND THEY WANT TO BE A MEDIATOR. >> HOW MUCH DOES THIS PRESSURE. AND PRESSURE FROM THE UAE START. TO TURN THESE THINGS AROUND? THAT IS SOMETHING WE WILL BE. WATCHING THE NEXT COUPLE MONTHS. >> PRESIDENT SAYS HE HAS A GREAT. RELATIONSHIP WITH QATAR. TIME TO HAUL THOSE GUYS OUT. >> I AGREE. >> BY THE WAY, BE SURE CATCH. TAYLOR ON "THE BIG MONEY SHOW". COMING UP ON FOX BUSINES.