U.S. Secretary of War Pete Hegseth said that Iran's capabilities to lay mine in Strait of Hormuz have been degraded by the U.S. forces' incessant attacks.
Hegseth said this when questioned at a cabinet meeting Thursday about concerns regarding the IRGC putting commercial vessels at risk by dispatching mines throughout the hotly contested Strait of Hormuz. Hegseth said the degradation of Iran's forces would make such action difficult for the regime.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.