Analytical team
Trump’s Renewed "Maximum Pressure" with Iran
On February 4, 2025, President Donald Trump signed a national security memorandum reinstating his "maximum pressure" campaign against Iran. This move marks a significant continuation of the policies Trump pursued during his first term, emphasizing strict economic sanctions designed to curb Iran’s nuclear capabilities and its regional influence. While Trump expressed his reluctance about the aggressive sanctions, admitting he was "torn" about the decision, he made it clear that the primary goal was to prevent Iran from acquiring nuclear weapons. This policy shift comes at a critical juncture, as both Iran's nuclear ambitions and the wider Middle Eastern geopolitical landscape are increasingly fraught with tension.
Trump's memorandum directs the U.S. Treasury to intensify sanctions on Iran, specifically targeting its oil exports, a significant source of revenue for the Iranian economy. The U.S. has long been the leader in applying economic pressure on Iran, particularly since Trump's decision to unilaterally withdraw from the Joint Comprehensive Plan of Action (JCPOA) in 2018, an agreement that had restricted Iran's nuclear program in exchange for the lifting of sanctions. Since then, the U.S. has imposed a series of sanctions, bringing Iran's economy to a near-crisis state. The U.S. also plans to push Iranian oil exports to "zero," despite the longstanding challenges in enforcing such a policy, especially with China's continued purchase of Iranian oil.
Despite the renewed sanctions, Trump has expressed a preference for diplomatic engagement with Tehran. In a post on his social media platform, Truth Social, he stated that while the U.S. would continue to pressure Iran, his ultimate aim was a peaceful resolution. Trump referred to a potential "nuclear peace agreement" that would allow Iran to prosper, provided it refrains from developing nuclear weapons. He also suggested that such an agreement could prevent Israeli military action against Iran, which has been a longstanding concern for both Israel and the U.S. However, Trump did not elaborate on the specifics of any potential negotiations, leaving his diplomatic intentions ambiguous.
In contrast, Iran remains steadfast in its claim that it is not pursuing nuclear weapons, though its actions suggest otherwise. Iran has expanded its nuclear program significantly, enriching uranium to 60% purity, just one step away from weapons-grade material. This advancement, coupled with Iran's refusal to return to direct negotiations with the U.S., complicates the possibility of a peaceful resolution. Iranian officials, including President Masoud Pezeshkian and Foreign Minister Abbas Araghchi, have left open the door for dialogue, signaling that under the right conditions, Iran might be willing to engage in talks. However, Iran has made it clear that any future discussions would have to respect its dignity, wisdom, and sovereignty, and it remains firm in its stance that it will not pursue nuclear weapons.
At the same time, Iran's economic and domestic situation remains dire. The imposition of U.S. sanctions has severely weakened the Iranian economy, with inflation soaring and the national currency, the rial, hitting new lows. This economic hardship has been exacerbated by an energy crisis that has resulted in frequent power outages and severe air pollution. While Iran’s leadership continues to maintain its position on nuclear enrichment, it is clear that the economic pressure is taking its toll, making Tehran more open to exploring diplomatic solutions if the terms are favorable.
While the U.S. has reintroduced stringent sanctions, it remains unclear whether this renewed "maximum pressure" campaign will lead to a change in Iran's nuclear policy or if it will instead push Tehran further toward nuclear proliferation. The expiration of a significant clause in the JCPOA in October 2025, which allows the reimposition of U.N. sanctions, presents a further challenge. Iran has warned that failure to negotiate could prompt it to pull out of the Nuclear Non-Proliferation Treaty (NPT) altogether.
On the military front, Iran has shown increasing resilience, demonstrated by large-scale military drills focusing on air defense and missile capabilities. This includes the unveiling of new weapon systems, such as underground missile bases, drones, and anti-ship missiles, all aimed at strengthening its position in the region and deterring any military action from Israel or the U.S.
Ultimately, the path forward for U.S.-Iran relations remains uncertain. While the Biden administration attempted to revive the JCPOA through indirect negotiations, Trump's decision to reintroduce "maximum pressure" reflects his continued skepticism of diplomatic engagement, even as he leaves the door open for a deal. Whether Iran will reciprocate these overtures or continue to pursue its nuclear program remains to be seen, but both sides appear locked in a delicate balancing act of pressure and potential diplomacy. The coming months will be critical in determining whether the U.S. and Iran can find a way to resolve their differences peacefully or if the situation will escalate further.