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Iran Is Preparing for Economic War – Iran appears to be preparing for a prolonged conflict — and the associated economic costs. On Sunday, September 6, Iran’s Economy Ministry said it had established an “Economic War Headquarters” and begun intensifying efforts to address the problems associated with the conflict and sanctions imposed by Washington.

Economy Minister Ali Madanizadeh also promised that economic reforms were coming to address the conditions affecting the daily lives of Iranian citizens.

U.S. Navy Lt.

The Strait of Hormuz viewed from 35,000 feet — the world’s most critical energy chokepoint. Photo: Wikimedia Commons

The U.S.-Iran confrontation at the Strait of Hormuz entered a new and more dangerous chapter on September 7, 2026, as American forces sank an Iranian crude oil tanker and Tehran responded with ballistic missile strikes targeting a U.S. aircraft carrier and a Navy warship in the region.
U.S. Central Command released video footage it said showed the Iranian tanker M/T Kilo sinking and settling on the seafloor in the Gulf of Oman following a precision American strike.

The Russian Su-57 has become the first ever fifth generation fighter aircraft to land in Egypt, touching down in the country on September 7 ahead of the El Alamein International Airshow from September 8-10. At El Alamein, Russia will present the aircraft with new weapons that have not previously been displayed publicly, as well as with advanced air-to-air missiles and precision-guided strike weapons.

Editor’s note: This is the tenth article in a limited series celebrating American defense technologies born from wartime and their effects on broader national security, politics, and society. This series will run for several weeks to commemorate America’s 250th anniversary, and winners will be selected by a reader vote undertaken through our newsletter later this summer. Prior installments can be found at the Arsenal of Innovation page.I was fortunate enough to do something that would be a benefit to mankind. It’s been an extremely satisfying discovery.