Official U.S. government press releases and statements

Trump Administration to Reinstate 'Maximum Pressure' Campaign to Bankrupt Iran and Cut Oil Exports, Ending Ukraine War Needed

Nov 16, 2024, 10:29 AM

The Trump administration is set to reinstate its 'maximum pressure' campaign against Iran, aiming to significantly reduce the country's oil exports and ultimately bankrupt its economy. This strategy is designed to limit Iran's financial resources, which are believed to support regional proxies and nuclear weapons development. Key officials have indicated that this approach will be a central element of Trump’s foreign policy as he takes office. Additionally, there are suggestions that ending the ongoing Ukraine conflict may be necessary to facilitate these measures, given its impact on global oil markets, particularly Russian oil and gas supplies.