Trump returns to an old weapon: Behind US's decision to economically choke Iran – analysis
US Treasury Secretary Scott Bessent said last month that the administration’s economic policy had sent the Iranian currency into "free fall" and pushed inflation into triple-digit rates.
US President Donald Trump has decided to prioritize economic pressure against Iran, opting for a "wait and see" strategy with financial sanctions and a naval blockade instead of further military strikes. This shift, reported by The Wall Street Journal, followed data presented by aides showing the existing sanctions' impact on Iran's economy. Senior officials recommended tightening these measures, believing economic pressure is the most effective way to compel Iran to back down. Trump publicly stated, "Iran is broke, completely broke." This approach allows Washington to maintain pressure without immediate military escalation, which could raise energy prices. However, experts warn that worsening Iran's economic situation might provoke a military response, as "no one should expect Iran to simply sit idly by while this is happening."
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