Here are some of Trump’s options as he prepares to increase economic pressure on Iran

The United States is preparing to intensify economic pressure on Iran, with Treasury Secretary Scott Bessent announcing that Washington will soon implement measures "never seen" before. These impending actions signal a significant escalation in the U.S. strategy to curb Iran's economic and political influence.

These new sanctions build upon decades of existing measures. Since the late 1970s, the U.S., alongside the United Nations and European Union, has imposed sanctions, trade embargoes, and asset freezes on Iran. These actions have historically targeted Tehran's nuclear program, human rights record, and alleged support for militant groups. Since the start of the Iran war in February, Washington has further tightened maritime, energy, and financial sanctions, including a naval blockade.

Data from the U.S. Treasury Department indicates that over 1,000 individuals, vessels, and aircraft have been sanctioned since President Trump began his second term. Recent measures have specifically targeted Iran's oil trade, shipping insurers, entities involved in weapons procurement, and digital exchanges, resulting in the freezing of an estimated $500 billion in Iran-linked cryptocurrency.

Iran has condemned the planned U.S. sanctions, anticipating further strain on its already beleaguered economy. Oil shipments are nearly halted in the Strait of Hormuz, with Iran threatening to target any unauthorized oil tankers transiting the vital waterway.

Experts suggest several options for the Trump administration, including sanctions on Chinese independent refineries, known as "teapots." These refineries account for a substantial portion of China's refining capacity and process a significant amount of Iran's oil. While these smaller refineries have less exposure to the U.S. financial system, they could face secondary sanctions. Such measures, particularly if targeting major Chinese banks, could disrupt global financial flows and potentially provoke retaliatory actions from Beijing.