No more lifelines for Iran
America’s war against Iran has been at a standstill for months. The Trump administration’s new plan to use America’s considerable economic leverage could break the deadlock. But success will only be possible if Washington stops wavering.
TL;DR
- The U.S. is entering the 'endgame' in its economic war against Iran, with President Trump vowing 'historic' sanctions.
- Iran's economy is in severe decline, with its currency at a record low and GDP contracting.
- Crude oil exports have reportedly stopped due to U.S. naval blockades, crippling Iran's foreign capital generation.
- The U.S. plans to target enablers like the UAE, which has acted as a financial lifeline for Iran, evading past sanctions.
- Success of the new economic measures depends on Washington's resolve and refusal to 'waver'.