International Energy Agency (IEA) reports or similar credible energy sector publications

Trump to Revive 'Maximum Pressure' on Iran, Targeting Oil Exports to Bankrupt Tehran

Nov 16, 2024, 04:20 PM

Donald Trump's new administration plans to revive its 'maximum pressure' policy on Iran to 'bankrupt' Tehran's ability to fund regional proxies and develop nuclear weapons, according to the Financial Times. Trump's foreign policy team will seek to ratchet up sanctions on Tehran, including vital oil exports, aiming to reduce Iran's oil exports from 1.5 million barrels per day to 500,000 barrels per day. Executive orders are being prepared that could be issued on his first day in office. The strategy aims to force Iran to negotiate a new nuclear deal and change its regional policies.