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Washington’s plan to isolate Iran economically relies on a naval blockade, sanctions, and disruption of trade routes, with the aim of cutting oil revenues and restricting Tehran’s access to international trade, aviation, and banking networks. The US Treasury Department said the pressure had crippled the economy: the rial has fallen by about a quarter since August, reaching 2.687 million rials to the dollar on the informal market in October, while annual inflation rose to 90% in September, up from around 35% at the start of 2025. Iran has not loaded oil onto tankers since August 25, and thousands of trucks have been held up at the Turkish border for as long as 20 days. Treasury Secretary Scott Bessent is urging Trump to keep up the pressure in the hope of pushing Tehran toward an agreement rather than resuming military operations.
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