Trump Sanctions Iran and Ends Support for Clean Energy
A dual-pronged strategy from the Trump administration is redrawing both foreign and domestic energy lines.
On one front: a sanctions blitz aimed at dismantling Iran’s hidden oil routes. On the other: a legislative blow to America’s renewable energy sector, replaced with aggressive support for fossil fuels.
The Treasury and State Departments recently moved to block a global network accused of camouflaging Iranian crude as Iraqi oil, facilitating its sale through manipulated shipping logs and fake documentation. A British-Iraqi businessman allegedly played a central role, with profits traced to Iran’s Revolutionary Guard Corps. Vessels involved in the scheme reportedly disabled tracking systems and falsified cargo origin at sea.
Yet, enforcement has done little to slow exports, with China continuing as a key buyer. While President Trump touts recent military strikes on Iran’s nuclear assets, he’s also left open the possibility of softening oil restrictions—if Iran reins in hostility.
Back home, Trump signed a sweeping law that rewrites the U.S. energy playbook. The new policy guts federal tax credits that have fueled wind and solar development for decades. Instead, it pours incentives into oil, gas, coal, and nuclear energy. Starting in 2027, clean energy projects lose access to credits unless construction begins within the next year. Offshore drilling in the Gulf and expanded leases in Alaska and nine U.S. states are now mandated. Royalty fees are also slashed to encourage extraction.
Carbon capture incentives were extended, giving oil firms more rewards for extracting additional crude via CO₂ injection. Hydrogen tax credits will now run through 2028, a boon to fossil giants like Chevron and Exxon. Coal interests aren’t left out either—millions of acres are being opened for mining, with added breaks for metallurgical coal.
The message is clear: fossil fuels are in, clean energy is out, and the geopolitical squeeze on Iran is intensifying—all under the banner of energy dominance.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
