Trump Plans New Sanctions to Bankrupt Iran, Targeting Oil Exports and Nuclear Funding

Nov 16, 2024, 01:34 PM

President-elect Donald Trump's incoming administration plans to revive the 'maximum pressure' policy on Iran, aiming to bankrupt Tehran's ability to fund regional proxies and develop nuclear weapons, according to people familiar with the transition. The team is preparing executive orders for signature on Day 1 that will tighten sanctions on Tehran, including targeting vital oil exports, with the goal of reducing Iran's oil exports from the current 1.5 million barrels per day. The renewed pressure campaign seeks to push Iran to negotiate a new nuclear deal and change its regional policies.