- Trump administration prepares for pivot to economic warfare on Iran PBS —
- Trump administration pivots to economic warfare on Iran AP News —
- Bessent says US could slap secondary sanctions on Iranian oil buyers 📹 Reuters —
- US ready to hit Iran with economic pain equivalent to bombings, Bessent says 📹 AP News —
- US Expands Sanctions on Oil Tycoon to Keep Up Pressure on Iran Bloomberg —
- US targets Iran's oil transportation infrastructure with sanctions The Straits Times —
- US targets Iran's oil transportation infrastructure with sanctions - Reuters Reuters —
- US imposes new sanctions on Iran’s oil shipping network Middle East Eye —
- How U.S. hopes to resolve Iran conflict with economic warfare The Globe and Mail —
- The gamble in Trump’s Iran blockade that could decide the war CNN —
- Crude new world: Oil markets will never be the same – regardless of how the war in Iran ends NY Post —
Trump's economic warfare on Iran
This pivot to economic warfare aims to choke Iran's remaining revenue streams and force the regime to accept a new nuclear deal.
The Treasury Department has already sanctioned over a dozen entities tied to the network of Iranian oil kingpin Hossein Shamkhani.
While the administration claims this approach will avoid a full-scale military invasion, critics warn it could further destabilize global energy markets and harm civilian populations.
The strategy also includes a strict naval blockade of Iranian ports, which has already significantly reduced ship traffic in the region.
Scott Bessent
United States Secretary of the Treasury
United States Secretary of the Treasury
Donald Trump
President of the United States (2017–2021; since 2025)
President of the United States (2017–2021; since 2025)
United States Department of the Treasury
United States federal executive department
United States federal executive department
Hossein Shamkhani
Iranian oil magnate
Iranian oil magnate
Iran
Country in Western Asia
Country in Western Asia