Trump pivots back to sanctions for Iran as other strategies to end his war fizzle
President Donald Trump is pivoting back to economic sanctions against Iran, claiming the nation's economy is on the verge of collapse due to the ongoing conflict. Despite the strategy, global energy markets remain volatile as the war continues to impact oil supply chains.
Why it matters
The escalation of economic warfare between the U.S. and Iran has significant implications for global energy prices and international geopolitical stability.
U.S. President Donald Trump likes to say that he started his war with Iran after 50 years of economic pressure had failed to stop its nuclear weapons ambitions — but he's now betting that another financial squeeze can bring an end to that war.
The Trump administration is hoping that months of bombing have pushed Iran's economy to a breaking point that will force its leadership to cave to demands to end its nuclear program and fully reopen the Strait of Hormuz to oil and natural gas tankers.
Editorial| Far from over: On the U.S.-Iran conflict
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