Trump returns to an old weapon: Behind US's decision to economically choke Iran - analysis

President Donald Trump has decided to renew economic sanctions on Iran, adopting a 'wait and see' strategy that gives financial sanctions and the naval blockade more time to damage Iran's economy instead of launching further strikes. The decision follows persuasion by aides who presented data on existing sanctions' impact. Trump announced the approach on Monday, saying Iran is 'broke, completely broke.' Treasury Secretary Scott Bessent said the policy sent the currency into 'free fall' and inflation to triple digits. Talks on the Strait of Hormuz remain complicated after Iran made far-reaching demands.