While much of Washington was buried in a blizzard of domestic political news, the Trump administration took another important step in its “maximum pressure” campaign against Iran by imposing tough new sanctions on the rogue state’s banking sector.

The Iranian economy has been reeling in the years since President Trump removed the lifeline given to it by President Barack Obama’s disastrous nuclear deal. A combination of reimposed sanctions, the ravages of the coronavirus, and depressed oil prices have knocked several economic props out from under the terrorist regime.