Trump Turns Up Heat on Iran with Economic Squeeze
The US has shifted its strategy in dealing with Iran, moving from military action to economic pressure. The Trump administration is relying on 'Operation Economic Fury' to stifle Iran's oil exports and cripple its economy.
This approach, dubbed 'Maximum Pressure', was used before 2020 but failed to achieve the desired result. However, the administration believes it will be effective this time around, given the significant impact of the war on Iran's industrial capacity and crude exports.
Iran's economy has taken a severe hit, with year-on-year inflation reaching 77% and its currency falling over 10% from its pre-war level. The government is facing pressure to address the economic crisis, but analysts argue that sanctions are unlikely to bring about meaningful political change.