Trump pivots to sanctions on Iran

President Donald Trump has pivoted to intensifying economic sanctions against Iran as a strategy to end the ongoing war, which began with U.S. bombing on February 28. The administration launched 'Operation Economic Fury' on April 16, aiming to cripple Iran's economy through sanctions and a naval blockade of the Strait of Hormuz. Trump argues that Iran is financially collapsing, citing high inflation and unpaid soldiers, and now demands compensation from Iran in peace talks. The war has severely impacted Iran's economy, with the IMF estimating a 5.4% contraction and inflation at 88.6%. U.S. Treasury data shows Iranian oil loadings have dropped from 1.8 million barrels per day to under 500,000. Petroleum prices rose as investors anticipate prolonged closure of the Strait of Hormuz, which normally carries about 20% of global oil supplies. Critics, including former officials, question the effectiveness of sanctions without clear strategic goals, while Iran's Foreign Ministry spokesman dismisses the pressure. The U.S. faces domestic inflation and unpopularity due to the war.