Trump orders Bessent to cripple Iran’s economy
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Donald Trump has been unsuccessful in almost every move he has made to bring the war with Iran to a close.
A sustained bombing campaign didn't work. Neither did threats to wipe out Tehran's entire civilisation or its energy infrastructure.
The US president is stuck, leading Republicans into the midterms weighed down by a Middle Eastern conflict of his own making, despite campaigning to end foreign wars.
Reluctant to resume all-out war, and apparently without the resources to do so, he has turned to one man to drag the Americans out of the quagmire: Scott Bessent.
Mr Trump has settled on a fresh strategy of economic pressure in the hopes of loosening
Iran's grip on the Strait of Hormuz and forcing its leaders to agree to a nuclear agreement, a source close to the president told The Telegraph.
Overseen by Mr Bessent, the treasury secretary, the wait-and-see approach will give harsh sanctions and the US naval blockade of Iranian ports time to inflict economic harm and cripple the regime, insiders say.
Donald Trump is now looking to his treasury secretary Scott Bessent (second from right) to bring Iran to heel - Andrew Harnik/Getty Images
A source close to Mr Trump said: "It's been turned over to Bessent. Let him off the chain; he will destroy their currency."
Aides are reported to have pushed the strategy by showing the president statistics on
the crippling effects the current sanctions levelled on Iran are having.
US sanctions have choked
Iran's economy, driving the Iranian rial into free fall and accelerating triple-digit inflation. Red meat prices have tripled and fuel is rationed at the pumps.
They believe that tightening those current restrictions while issuing fresh curbs would "squeeze" the regime, forcing it to eventually make a deal to prevent total collapse.
Donald Trump has been unsuccessful in almost every move he has made to bring the war with Iran to a close.
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