Keith A. Preble

(He/Him)
The Iranian closure of the Strait of Hormuz has largely brought oil traffic to a halt, hitting petroleum-exporting countries hard. Asghar Besharati / Getty Images

The US has long used economic coercion to achieve foreign policy goals — the war in Iran shows how that power has declined

US sanctions on foreign nations have lost some of their power to influence the behavior of other nations – with increasing costs for the US to boot.
Visitors pose next to the stand of Russian fertilizer producer Uralchem at the Saint Petersburg International Economic Forum on June 18, 2025. Olga Maltseva/AFP via Getty Images

Sanctioning ghosts: Why US plans to hit Russia with fresh economic penalties will have little effect

Trade between Russia and US has fallen 90% since 2021 – blunting the impact of any proposed tariffs or sanctions.

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