The WSJ reports U.S. to Reimpose Sanctions Targeting Iranian Economy.
The White House made good Monday on its vow to reimpose sanctions on Iran, striking a blow against Iran’s weakening economy and putting the world on notice that still-tougher sanctions are to come.
The measures are the first economic action Mr. Trump has taken against Iran since announcing in May that the U.S. was withdrawing from the 2015 Iran nuclear accord.
They will remain in effect unless Tehran meets the administration’s demands to stop its support for militant groups in the Middle East and ends its enrichment of uranium, U.S. officials say.
The measures, which will take effect at 12:01 a.m. Tuesday, will prohibit Iran’s access to U.S. dollars, sanction Iran’s trade in gold and precious metals, outlaw the purchase of Iran’s sovereign debt, and sanction Iran’s automotive sector.
Far tougher steps will come into force on Nov. 5, when the U.S. tries to cut off Iran’s oil exports and imposes sanctions on Iran’s shipping, among other measures.
Skeptics question whether the Trump administration can muster sufficient international support to isolate Iran economically. While the U.S. has withdrawn from the 2015 agreement constraining Iran’s nuclear activities, China, Russia, Germany, France, Britain and the European Union are still party to the deal.
While the threat of sanctions is prompting European companies to withdraw from the Iranian market, China is likely to remain a major importer of Iranian oil.
“I think it’s going to just breed loopholes, even amongst some of our closest allies,” said Richard Nephew, a former deputy coordinator for sanctions policy at the State Department during the Obama administration.
While Iran is widely believed to be adhering to its core promises under the nuclear accord, the Trump administration has zeroed in on the country’s destabilizing activities in Syria and other countries in the Middle East as cause for its decision to withdraw from the agreement. Those activities were not covered by the agreement.
When it comes to destabilizing Syria, Iraq, and Libya, the us played the role of the greatest destabilizing agent.
We Had a Good Deal
I agree with the American Conservative article Trump Will Never Get a Better Deal With Iran by Scott Ritter.
Scott Ritter is a former Marine Corps intelligence officer who served in the former Soviet Union implementing arms control treaties, in the Persian Gulf during Operation Desert Storm, and in Iraq overseeing the disarmament of WMD.
The Economist says Scrapping the Iran Deal Won’t Do Anyone Any Good.
At What Price?
Even IF Trump secures a better deal, I cannot and will not support such actions. Our own intelligence agency says the US was honoring the terms.
Our allies, including the EU, object to this action. Trump is making a mockery of US treaty agreements on the flimsiest of reasons.
The price is mistrust. Why should anyone believe a US treaty?
I do not support US warmongering and make no mistake, these unilateral actions are an act of war.
I encourage efforts by China, the EU, and India to ignore or circumvent US warmongering belligerency including these sanctions on Iran.
Sanction Avoidance Discussion
- Windbag Jean-Claude Juncker's Pathetic Bluff Regarding Iran Sanctions
- How Iran Can Use Bitcoin to Avoid US Sanctions
- Will Any Country Stand Up to Trump Sanctions? Juan Cole Says Yes
The lead-in image is from link number three.
A friend, Dave, whose opinion I respect, yet with whom I frequently disagree chimed in with this comment.
Agree. We have a country that agreed to restrictions and heavy inspections after years of the international community encouraging them to do so. Evidence shows that Iran is in compliance and our European allies agree.
This has nothing to do with the nuclear deal and everything to do with siding with the Saudis and Israel in a regional power struggle.
Meanwhile his big deal in North Korea was a flowery statement that said less than prior statements at other such conferences and they not only possess sixty weapons but work continues on that and the missile program continues.
Mike "Mish" Shedlock