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Trump's economic warfare on Iran

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 Department of the Treasury, Public domain
Scott Bessent
United States Secretary of the Treasury
Donald Trump
President of the United States (2017–2021; since 2025)
United States Department of the Treasury
United States federal executive department
Hossein Shamkhani
Iranian oil magnate
Iran
Country in Western Asia