Donald Trump’s new administration will revive its “maximum pressure” policy to “bankrupt” Iran’s ability to fund regional proxies and develop nuclear weapons, according to people familiar with the transition.
Trump’s foreign policy team will seek to ratchet up sanctions on Tehran, including vital oil exports, as soon as the president-elect re-enters the White House in January, people familiar with the transition said.
“He’s determined to reinstitute a maximum pressure strategy to bankrupt Iran as soon as possible,” said a national security expert familiar with the Trump transition.
The plan will mark a shift in US foreign policy at a time of turmoil in the Middle East after Hamas’s October 7 2023 attack triggered a wave of regional hostilities and thrust Israel’s shadow war with Iran into the open.
Trump signalled during his election campaign that he wants a deal with Iran. “We have to make a deal, because the consequences are impossible. We have to make a deal,” he said in September.
People familiar with Trump’s thinking said the maximum pressure tactic would be used to try to force Iran into talks with the US — although experts believe this is a long shot.
The president-elect mounted a campaign of “maximum pressure” in his first term after abandoning the 2015 nuclear deal Iran signed with world powers, and imposing hundreds of sanctions on the Islamic republic.
In response, Tehran ramped up its nuclear activity and it is enriching uranium close to weapons-grade level.
The sanctions remained in place during the Biden administration, but analysts say it did not implement them as strictly as it sought to revive the nuclear accord with Iran and ease the crisis.
Iran’s crude oil exports have more than trebled in the past four years, from a low of 400,000 barrels a day in 2020 to more than 1.5mn b/d so far in 2024, with nearly all shipments going to China, according to the US Energy Information Agency.
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