Trump’s Day 1 Plan: ‘Bankrupt Iran’? Tehran Denies Musk Meeting, Vows Nuclear Cooperation With… | US

Mnuchin, left, and then-vice president Mike Pence. (AP Photo/Alex Brandon)US President-elect Donald Trump is planning on reviving his “maximum pressure strategy to bankrupt Iran” as soon as he takes office, according to a report citing a national security expert familiar with the Trump transition.The Financial Times says that Trump’s transition team is preparing executive orders targeting Iran that could be issued on his first day in office, including sanctions on Iranian oil exports.In his first term, Trump unilaterally withdrew from the 2015 nuclear accord between Iran and Western powers and later re-imposed sanctions on Tehran. He also ordered the killing of Iranian commander, Qasem Soleimani, who led the Iran Revolutionary Guard Corps’ foreign operations arm, the Quds Force.Trump said throughout his 2024 presidential election campaign that US President Joe Biden’s policy of not rigorously enforcing oil-export sanctions has weakened Washington and emboldened Tehran.