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Trump’s Venezuela strategy has failed in Iran

Financial Times
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A 2026 analysis reveals the U.S. under Trump repurposed its Venezuela sanctions strategy for Iran, aiming to collapse Tehran’s economy through oil export restrictions and financial isolation. The approach—mirroring Venezuela’s 2019 crisis playbook—failed due to Iran’s deeper trade networks with China and Russia, which circumvented U.S. pressure via barter systems and non-dollar transactions. Unlike Venezuela’s isolated regime, Iran leveraged regional proxies and energy leverage, maintaining oil flows despite sanctions, while domestic resilience programs mitigated economic shock. Experts cite overreliance on coercive economics without diplomatic off-ramps, leaving Iran’s nuclear program unchecked and regional influence expanded by 2026. The strategy’s collapse underscores limits of unilateral sanctions against adaptable adversaries, prompting calls for multilateral alternatives to address Iran’s geopolitical role.
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