Trump signs NSPM-2 directing maximum pressure on Iran

President Trump signed National Security Presidential Memorandum 2 on February 4, 2025, directing Treasury, State, and Defense to impose maximum pressure on Iran. NSPM-2 set a goal of driving Iranian oil exports to zero and cutting funding for IRGC-Quds Force and Hezbollah proxies. It triggered the Economic Fury campaign under which OFAC designated over 1,000 Iran-related entities through April 2026.