US economic D-Day sanctions: 'Repeated bombing attacks across Iran failed to change the calculus'
Washington says the measures will tighten revenue sources for Tehran, but economists say deep trade ties and weak enforcement may limit the impact.
8 Articles
8 Articles
US economic D-Day sanctions: 'Repeated bombing attacks across Iran failed to change the calculus'
Genie Godula is pleased to welcome Imran Bayoumi, Deputy Director & Resident Fellow at the Atlantic Council. He sees the Trump administration’s new sanctions strategy toward Iran as an attempt to seek…
The new measures against the regime in Tehran will hardly stop the crisis. The goal of economic isolation should not be achieved. At the same time, however, the economic crisis in the country could worsen.
U.S. Treasury Secretary Scott Besant announced on the 24th that he is launching a so-called "economic isolation operation" by expanding "second round sanctions" to target even third countries trading with Iran. However, critics point out that given Iran has evaded U.S. sanctions for decades and the failure to secure cooperation from China, its largest trading partner, the new sanctions are unlikely to serve as a decisive means of pressure.
Iran's trading partners clearly weren't intimidated by the US sanctions announcement. My thesis that we are witnessing the decline of the American empire is becoming increasingly plausible, says Wojciech Szewko.
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