Washington’s Iran oil squeeze comes at a price

Washington’s Iran oil squeeze comes at a price

Tightening the screws on Tehran risks triggering a global energy shock, but backing off lets the regime finance its war economy The United States is trying to cut off Iran’s oil revenues without sending global oil prices sharply higher. That is proving easier said than done. Last week, Washington launched Operation Economic Outcast, a new sanctions campaign targeting the financial, shipping and trading networks Iran uses to sell oil and move mon…