Trump and his minions have entered into even more sanctions on Iran….
The exact wording is still being worked on, but the Trump Administration is preparing to introduce a new round of sanctions against Iran in general, and its financial sector in particular. The goal an executive order from Trump imposing these before the election.
Again, how it works isn’t yet confirmed, but the idea is to prevent every last avenue of legal financial exchange for Iran. Since this is already effectively the case with existing sanctions, the changes are likely to be minor.
These new restrictions will be presented as closing “loopholes,” and some officials are saying that the real goal is to prevent Joe Biden, if he wins the election, from easily reversing the sanctions and returning the US to the nuclear deal.
Right now, the US has blacklisted more or less all of Iran’s international banks, and this will add the country’s last 14 banks to the blacklist. The sanctions will also target money-changers and hawala transfer systems. Anywhere money changes hands, the US will try to stop it.
This is not making the situation less volatile….if anything it is giving our geopolitical opponents, Russia and China, an opening that they will exploit.
Trump has made a mess of the Iranian thing…..but could Biden do any better?
We will know only if he wins in November but there are ways if he is elected that he could cool the simmering pot.
The solution to the crisis is simple: come back into compliance with the Iran nuclear agreement and related United Nations Security Council resolutions, then work with our allies to build upon them, addressing through diplomacy our other disagreements with Iran.
Implementing this simple solution, however, will be difficult. Even with a new Biden approach, Iran may not agree, regional powers will try to sabotage him, domestic opponents aligned with these foreign governments will attack him, and the window for action will be short.
Unlike other Middle East dilemmas, such as the Israeli-Palestinian conflict or the Saudi war on Yemen, a solution was in place before Trump assumed the presidency. The Iran accord, known as the Joint Comprehensive Plan of Action, is the strongest non-proliferation agreement in history. Worked out by seven nations plus the European Union and unanimously approved by the U.N. Security Council, this agreement shrank Iran’s nuclear program to a fraction of its previous size, froze it for a generation, and imposed the most intrusive inspection regime ever negotiated. It provides the basis for additional agreements that could address Iran’s other troubling actions and rebalanced U.S. regional relations.
Diplomacy could be the savior of the situation. But then ask will Israel allow it to move forward? Israel needs a belligerent Iran for the government to hold its position of power.
The only way this situation will calm down is if someone besides Trump is president in 2021.
I read, I Write, You Know
“lego ergo scribo”