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President Trump warned Tehran over activity at what U.S. officials have dubbed 'Pickaxe Mountain' amid a string of ship attacks near the Strait of Hormuz, part of an escalating standoff that has rattled global energy markets. Speaking separately to Fox News host Laura Ingraham, Trump said he has no regrets about launching the Iran war, asserting he would have ordered the strikes even knowing the political cost heading into the midterm elections. Treasury Secretary Scott Bessent added that a 'large bank' will be sanctioned on Monday as part of the administration's broader economic-pressure campaign against Iran, signaling an escalation in financial measures alongside the military standoff. The combination of military threats, sanctions, and presidential defiance underscores the administration's hardened posture, with markets continuing to watch for further disruption to Gulf shipping and oil supplies.