Trump Team Aims to 'Bankrupt Iran' with New Sanctions Targeting Oil Exports

Nov 16, 2024, 02:32 PM

According to a report by the Financial Times, Donald Trump's incoming administration plans to reinstate its 'maximum pressure' policy on Iran, aiming to bankrupt Tehran's ability to fund regional proxies and develop nuclear weapons. Trump's foreign policy team is preparing executive orders, to be signed on his first day in office, which will tighten sanctions on Iran, including vital oil exports. The strategy seeks to reduce Iran's oil exports, currently around 1.5 million barrels per day, and force Tehran to negotiate a new nuclear deal and change its regional policies.