Trump admin. plans to bankrupt Iran with 'maximum pressure' policies - report

US President-elect Donald Trump’s administration is preparing to reinstate its "maximum pressure" strategy against Iran, targeting Tehran’s economic stability and its ability to support militant proxies and nuclear development, The Financial Times reported on Saturday, citing sources close to the transition team.

The sources revealed that the administration plans to impose stricter sanctions, particularly on Iran’s oil exports, which serve as a critical revenue source. 

The anticipated sanctions could drastically reduce Iranian oil exports, which currently exceed 1.5 million barrels per day, up from a low of 400,000 barrels per day in 2020. Experts suggest that these measures would severely impact Iran’s economy. Bob McNally, an energy consultant and former US presidential adviser, indicated that reducing exports to a fraction of current levels would leave Iran in a far worse economic position than during Trump’s first term, Financial Timesreported.  (Read More)