1. Trump piles more sanctions onto Iran.

President Trump ordered new restrictions, limiting the access of top Iranian officials to the international banking system in retaliation for what he says were aggressive acts against oil tankers and a U.S. drone.

The administration has already attempted to block countries from buying Iranian oil, crippling the country’s economy. Shoppers at the old main bazaar in Tehran, above. Any additional pressure from the new sanctions is likely to be minimal.

The Trump administration now finds itself in a waiting game, as it watches for whether sanctions will force Iranian leaders to surrender to American demands in exchange for economic relief.