Trump Unleashes 'Toughest Sanctions in History' on Iran
US President Donald Trump is preparing to impose what he calls 'the toughest sanctions in history' on Iran, further tightening economic pressure on the country. The move comes as tensions between the US and Iran continue, with the Strait of Hormuz being disrupted by Iranian activities.
Iran's economy has already been strained by years of sanctions and military conflicts, leading to high inflation and shortages of essential goods.
President Masoud Pezeshkian acknowledged the economic difficulties facing Iranians, stating that they are 'apologetic' for the problems and seeking to address them. However, experts warn that ordinary citizens will bear the brunt of the new sanctions, with reduced household purchasing power and increased costs for imported goods.
Iran has developed sophisticated methods to evade sanctions over the years, including a decentralized network of front companies and shell transactions through countries like China. The US will need to target major Chinese buyers of Iranian oil, independent refineries, and banks processing Iranian revenue if it wants to effectively choke off Tehran's revenue streams.