How effective can US sanctions on Iran really be?
Date : November 22, 2018
US President Donald Trump kept his promise, and new US sanctions are in full force. Their stated goal is to reduce Iran’s oil exports to zero. The sanctions cover even the shipping industry of Iran, citizens and companies from third countries doing business with Iran are also at risk of being sanctioned.
To me, total suspension of the Iranian oil export does not seem to be realistic. At least, a whole sea and land blockade is necessary to achieve this goal. At the same time, there are many allies and partners of the US among Iranian oil purchasers, and they could not give up Iranian oil immediately. It seems Washington understands this very well.
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