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Trump administration shifts to a long-term economic war against Iran; expectations of a quick victory fade, while the oil blockade has not yet fully cut off revenue

BlockBeats news,October 9, according to The Washington Post, the Trump administration is reassessing the timetable for its economic pressure on Iran. As intensified sanctions and the port blockade have failed to compel Tehran to accept U.S. negotiating terms, Washington is increasingly accepting that the operation could last months or even longer. Its “economic ostracism campaign” against Iran is shifting from seeking short-term results to long-term attrition.

U.S. Treasury Secretary Bessent had previously expected that Iranian airlines would be forced to halt international operations by the end of September, but this goal has not been achieved. Although the U.S. blockade has sharply reduced Iran's new oil exports, Iran is still selling previously shipped crude oil inventories. Reuters, citing relevant data, reported that there are still approximately 20000000 barrels of Iranian crude oil outside the blockade area; Kpler data show that Iran can still transport approximately 250000 barrels of oil per day abroad by land.

In the next phase, the United States will continue expanding its actions against Iranian banks, airlines, oil tankers, and intermediary networks, while pressuring foreign financial institutions and warning that transactions with Iran may expose them to secondary sanctions. The United States is also seeking to restrict Iran's use of shadow fleets, ship-to-ship transfers, and trade through third countries to evade sanctions.

However, economic pressure has not yet translated into Iranian concessions on core issues such as its nuclear program. Tehran continues to demand that the United States lift the port blockade, ease oil sanctions, and release frozen assets. The U.S. government currently believes that, as long as it continues to squeeze Iran's oil revenue and access to international financial channels, time will gradually shift in the United States' favor. However, a prolonged blockade also entails greater military commitments, shipping risks, and energy-market costs.

Original link https://m.theblockbeats.info/flash/371027