Tuesday , November 24 2020

Sanctions on Iran are coming to the United States at a crucial moment



Boeing and Total have left the country

In the last six months, when President Donald Trump has resigned from the nuclear agreement with Iran, he demanded that Tehran and the rest of the world respect his will. On Monday morning you will see how the plan works.

November 5 is the day when the United States has severe sanctions. Iranian banking and energy sectors are re-enacted after Trump decided in May to renounce the six-party agreement with Iran, which suspended them. The deadline is the climax of the Trump team's campaign to keep companies running on the Iranian markets, and early signs indicate that at least a partial victory can be expected.

Iran's oil production has dropped by about a million barrels and is said that countries such as India and South Korea have agreed with the United States to reduce their purchases. Total SA, Boeing Co. and Munich Re are among the dozens of companies that resigned in the Iranian market.

The US president is aiming to cause such economic pain that Iran ultimately leaves its nuclear program and leaves what its administration calls "malicious activity" in the region and beyond. He is committed to taking advantage of the global distribution of the US financial system. that other countries are online or vulnerable to the US economy, which is much larger.

It's a moment full of Trump's risks. His approach alienated US allies and enemies, all claiming that the 2015 nuclear agreement would remain the best option to isolate Iran. The truce of the government is still defiant, even if it continues to comply with the limitation of the nuclear program agreement. And Trump has to decide how much he can punish anyone who does not meet, from European central banks to a strategic alliance such as India and the Great Powers, such as China.

"We'll know if it works," said Ivo Daalder, chair of the Chicago Global Affairs Council, and former NATO ambassador to NATO. "I can hardly believe it is more effective than everyone on our side."

Long-term results
The United States' efforts against Iran will ultimately depend on how successful the long-term administration is for countries not to buy Iranian oil, which the International Monetary Fund says, accounting for almost 80% of the tax revenue of the Islamic Republic.

While Secretary of State Michael Pompeo said that "our expectation that Iranian crude oil is zero in all countries or sanctions," he admitted to negotiating with countries that say they depend on Iran.

The United States has agreed to allow such exemptions to allow eight countries, including Japan, India and South Korea, to continue to import a reduced level of Iranian oil after the sanctions come into force.

China, the main importer of Iranian oil, is still negotiating with the United States. but two of the eight, two people who do not recognize the negotiations. According to the exemptions, the US law calls on the countries to prevent any currency in Iran. Instead, they have to pay for the oil by depositing the funds on a deposit account that Iran can use to sell food, medicines or other non-sanctioned consumer goods.

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