The U.S. military campaign against Iran has so far failed to force the regime to capitulate. The Trump administration is betting once again that suffocating economic pressure will do the job.

Facing a shortfall of necessary munitions and wary of continuing an unpopular war, Trump and his top officials are returning to a familiar playbook with the regime: relying on a steady increase in economic sanctions and a naval blockade to stifle oil exports.

The renewed emphasis on economic pain ¡ª it was dubbed ¡°Maximum Pressure¡± in Trump¡¯s first term ¡ª is a marked reversal for an administration that, only days earlier, had been threatening a stepped up military campaign after nearly six months of war against Tehran.