Economic pressure campaign against Iran faces limited prospects: WSJ
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- The Wall Street Journal says the Trump administration’s economic pressure campaign to force Iran to reopen the Strait of Hormuz and return to negotiations faces limited prospects for success.
- Experts say sanctions could inflict significant damage on Iran’s economy without necessarily forcing its government to make political concessions.
The Wall Street Journal reported that the Trump administration’s “economic day of reckoning” campaign against Iran has limited chances of achieving its goals, despite Washington’s efforts to use economic pressure to force Tehran to reopen the Strait of Hormuz and return to negotiations.
The campaign is part of a broader US strategy aimed at increasing pressure on Iran’s economy and restricting its financial and trade networks.
The newspaper noted that previous sanctions campaigns against countries including Russia, North Korea, Cuba and Venezuela have shown how authoritarian governments can adapt to economic pressure by relying on black markets, rerouting trade and establishing alternative financial systems.
Iran has pursued similar strategies, including through cooperation with China and neighboring countries, potentially limiting Washington’s ability to turn economic pressure into political concessions.
Experts cited by the newspaper said sanctions could cause substantial damage to Iran’s economy, but that economic hardship does not necessarily mean Tehran will agree to the concessions demanded by Washington.
The effectiveness of the campaign will ultimately depend on whether mounting economic pressure changes Iran’s calculations over the Strait of Hormuz and its willingness to return to negotiations.
