Trump Tries Economic Pressure on Iran After Months of Bombing Fail
US President Donald Trump is shifting his strategy in dealing with Iran from military strikes to economic pressure. The move comes as talks between the two nations have stalled, and US stockpiles of key weapons are depleted.
The Trump administration claims that Iran's economy has been pushed to the brink of collapse due to ongoing sanctions and a naval blockade of its ports. They believe that further financial pressure can force Tehran to end its nuclear program and fully reopen the Strait of Hormuz to oil tankers.
Trump said in a press conference on Monday, 'Yeah, they can make trouble, but they're broke. They have no money... Iran is broke, totally broke.' He added that Iran's inflation rate has reached 300%.
The shift to economic pressure marks a change in emphasis for Trump, who has previously criticized earlier presidents for relying on sanctions against Iran. However, critics argue that the strategy may not be effective, and that it could lead to a prolonged conflict with unintended consequences for global oil markets.