← Iran War Today

U.S. Escalates Economic Pressure on Iran Amid Blockade and New Sanctions

President Trump orders preparations for an extended Strait of Hormuz blockade as fresh sanctions target Tehran’s 'shadow banking' network.

April 29, 2026 at 3:30 AM

The Trump administration has intensified its 'maximum pressure' campaign against Iran, authorizing a new round of sanctions targeting 35 entities and a sophisticated 'shadow banking' network used to fund Tehran's military. Concurrently, President Trump has directed aides to prepare for an indefinite blockade of the Strait of Hormuz. The President stated that Iran is currently in a 'state of collapse' following significant military setbacks earlier this year, including a major U.S.-Israeli bombing campaign on February 28. On the ground, regional tensions remain high as the IDF reported the destruction of a massive Hezbollah tunnel system in southern Lebanon. This follows a deadly drone strike using advanced fiber-optic technology that claimed the life of an Israeli Defense Ministry contractor. Hezbollah's use of 'wire' drones marks a tactical escalation that has prompted the U.S. to further expand its military footprint in the region as a fragile ceasefire continues to waver. Diplomatically, Iran is reportedly attempting to navigate its internal leadership crisis by floating a revised proposal through Pakistani mediators. The proposal seeks an immediate reopening of the Strait of Hormuz in exchange for delayed nuclear negotiations. However, White House spokesperson Karoline Leavitt reaffirmed that the administration's 'red lines' remain firm, indicating that no relief will be granted without significant nuclear concessions and a permanent end to Tehran's weapons ambitions.

Key Points

Sources