Trump Threatens More Economic Pressure on Iran Amid Ongoing Sanctions
US President Donald Trump has vowed to increase economic pressure on Iran, which has been ongoing for decades due to its nuclear program and human rights violations. The US, UN, and EU have imposed sanctions, trade embargoes, and frozen assets since the late 1970s.
Since February, when the Iran war began, Washington has levied additional maritime, energy, and financial sanctions, as well as started a naval blockade. Data from the US Treasury Department's Office of Foreign Assets Control (OFAC) shows that over 1,000 people, vessels, and aircraft have been sanctioned since Trump's second term.
Recent measures have targeted Iran's shadow oil fleet, shipping insurers, entities enabling weapons acquisition, and digital exchanges, freezing an estimated $500 billion in Iran-linked cryptocurrency.