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Negotiations Behind U.S. Sanctions Against Iran
Over
the past week, the latest phase of U.S.-led sanctions against Iran has
dominated the media. For months, the United States has pressured
countries to curtail their imports of Iranian crude oil and is now
threatening to penalize banks that participate in oil deals with Iran.
In keeping with the U.S. sanctions campaign, the European Union on July 1
implemented an oil embargo against Iran. The bloc already has begun
banning European countries from reinsuring tankers carrying Iranian oil.
On the surface, the sanctions appear tantamount to the United States and its allies serving an economic death sentence to the Iranian regime. Indeed, sanctions lobbyists and journalists have painted a dire picture of hyperinflation and plummeting oil revenues. They argue that sanctions are depriving Tehran of resources that otherwise would be allocated to Iran's nuclear weapons program. This narrative also tells of the Iranian regime's fear of economically frustrated youths daring to revive the Green Movement to pressure the regime at its weakest point. Read More »
Comments? Send them to responses@stratfor.com
On the surface, the sanctions appear tantamount to the United States and its allies serving an economic death sentence to the Iranian regime. Indeed, sanctions lobbyists and journalists have painted a dire picture of hyperinflation and plummeting oil revenues. They argue that sanctions are depriving Tehran of resources that otherwise would be allocated to Iran's nuclear weapons program. This narrative also tells of the Iranian regime's fear of economically frustrated youths daring to revive the Green Movement to pressure the regime at its weakest point. Read More »
Comments? Send them to responses@stratfor.com
