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US presses Iran with broader sanctions and plans to curb oil exports
The renewed strategy follows the administration’s view that military pressure has not forced Tehran to capitulate, amid concerns over munitions shortages and political costs of the war.
SCMP Economy, citing Bloomberg, reports the Trump administration is shifting back toward a sanctions and oil-squeeze strategy against Iran after a US military campaign failed to compel Tehran to capitulate.
According to the report, officials are betting on sustained economic pressure, including a steady increase in sanctions and a naval blockade aimed at stifling Iranian oil exports, a strategy described as a return to “maximum pressure” used during Trump’s first term.
The article says the approach marks a reversal from an earlier push to intensify military action after nearly six months of war, and it points to practical and political constraints, including a shortfall of necessary munitions and war unpopularity.
SCMP Economy also relays comments attributed to US officials, including UN ambassador Mike Waltz, who said the effort is “devastating the Iranian economy,” and Trump’s remark that Iran has “huge inflation” and “no money,” alongside a statement attributed to Secretary Scott Bessent that the government is causing people to suffer and that pressure would continue.