Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

After talks with Iran fizzle, Trump turns back to sanctions

WASHINGTON — U.S. President Donald Trump likes to say that he started his war with Iran after 50 years of economic pressure had failed to stop its nuclear weapons ambitions — but he’s now betting that another financial squeeze can bring an end to that war. The Trump administration is hoping that months of bombing have pushed Iran’s economy to a breaking point that will force its leadership to…

After talks with Iran fizzle, Trump turns back to sanctions

Washington — U.S. President Donald Trump initially launched his conflict with Iran by implementing economic sanctions for five decades, but he now believes that imposing another financial blockade might halt the war. The administration anticipates that the ongoing airstrikes have weakened Iran's economy to an extent that compels its leaders to agree to cease the nuclear program and permit unrestricted passage through the Strait of Hormuz for oil and natural gas tankers.

Trump announced on Monday that he would now request similar concessions from Iran during peace negotiations, as part of a broader strategy to portray Iran as nearing financial ruin, despite the country's prolonged exposure to financial sanctions. This about-face occurs as the United States' reserves of crucial weaponry dwindle, and as intermittent talks continue to stall. However, Trump maintains that the mounting pressure will compel Iran to comply.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in Finance & Markets

More from Tuesday 11 August →