PNN – The Guardian reported that Trump has taken a gamble with his economic campaign against Iran.
According to the report of Pakistan News Network; Donald Trump’s terrorist administration—having failed to force Iran into submission through months of warfare and military pressure—is now seeking to intensify the economic siege of Tehran; an approach that, according to The Guardian’s analysis, could widen the scope of the crisis for the United States and the world rather than bringing it to an end.
A plan—dubbed “Economic D-Day” by U.S. Treasury Secretary Scott Bessent—is being pursued with the aim of cutting Iran off from its remaining global economic channels and threatening foreign banks, companies, and governments with sanctions should they continue trading with Tehran.
However, Washington’s main problem is that economic pressure does not necessarily equate to political capitulation. Iranian officials have, on the one hand, emphasized their readiness to negotiate, while on the other, warned that they will not relinquish their remaining leverage.
In the view of The Guardian, Tehran is attempting to withstand the pressure while simultaneously raising the cost of this policy for the United States and its allies.
In this context, the Strait of Hormuz has emerged as one of Iran’s most significant points of leverage. Any disruption to energy exports from the Persian Gulf could drive up oil and fuel prices and exacerbate inflation in the United States and other global economies—a risk that takes on heightened importance for the White House as the U.S. midterm elections approach. The Guardian had previously warned that a protracted conflict involving Iran could have lasting effects on oil prices, inflation, and global economic growth.
On the other hand, China—as the primary buyer of Iranian oil—is unwilling to simply comply with U.S. sanctions. Consequently, to fully implement its strategy, Washington is compelled to increase pressure on Iran’s trading partners—a move that could open up new economic fronts for the United States.
Even Mnuchin has warned of the risks associated with such an approach, asking: Why would I want to blow up the global financial system? Thus, rather than precipitating a rapid collapse of the Iranian economy, Trump’s gamble could instead lead to rising energy prices, heightened tensions with China, economic instability, and an escalation of regional confrontation.