Oren Libermann: ‘We Are Very Much in an Economic Conflict’ as Trump Shifts From Military Strikes to Maximum Pressure on Iran

RUSH EXCERPT:

LIEBERMANN: “Well, now that we appear to be past a military conflict, we are very much in an economic conflict. The Trump Administration, realizing the the ineffectiveness or the inability, inability of continued strikes on Iran to get to either a nuclear deal or the collapse of the regime. So now it‘s this new, new approach that we should really call an old approach, almost the maximum pressure campaign that we saw in president Donald Trump‘s first term. That also didn‘t lead to a nuclear deal with Iran. And, crucially, at least from the perspective of Trump‘s politics and the upcoming midterms, economic sanctions aren‘t an immediate effect. This is something that the U.S. believes and hopes will pressure Iran. Iran‘s economy. Iran‘s regime in the medium and the long-term and bring it to its knees. The key question here is, of course, what happens with the Strait of Hormuz? Now there is reduced traffic. Iran has threatened to reduce that to zero. We‘ve seen that. Again, there is a trickle going through according to what we can see from the U.K. Maritime tracking organization.”