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Trump pivots back to sanctions for Iran as other strategies to end his war fizzle

Associated Press · back to the audit

President Donald Trump likes to say that he started his war with Iran after 50 years of economic pressure failed to stop its nuclear weapons ambitions.
"The White House has called this Operation Economic Fury"
"The president didn't say what additional financial pressure would be applied, but the administration has since April 16 been engaged in what it calls Operation Economic Fury against Iran. Treasury Secretary Scott Bessent called this component the 'financial equivalent' of a bombing campaign"
"The Iranian economy has suffered gravely because of the war, with the International Monetary Fund estimating the overall economy shrinks by 5.4% and the Iranian government recently reporting an annual inflation rate of 88.6%."
"The U.S. Treasury Department said average loadings of Iranian oil have decreased from 1.8 million barrels per day before the war to less than 500,000 barrels per day over the past month."