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US Blames Iran For Impoverishing Civilians While Prepping Further Sanctions

US Blames Iran For Impoverishing Civilians While Prepping Further Sanctions

The United States government is preparing to implement an additional level of sanctions against Iran for its refusal to meet a dozen demands that are so absurdly unreasonable that they have been called a regime change policy in all but name. The sanctions which have already been implemented have already badly hurt the Iranian economy, the sting of which is being felt first and foremost by Iran’s poor and sickly.

In an article titled “Iran’s poor to bear brunt of Trump’s oil sanctions“, Financial Times documents how poor Iranians are already strained to the breaking point from the cutbacks they’ve had to make in food and groceries. An article titled “In Iran, US sanctions are being felt, with harsher measures to come” by the Christian Science Monitor details difficulties Iranian charities are having getting medicine to sick children, including chemotherapy treatment, having already run out of four life-saving drugs. In an article titled “US fails to shield humanitarian trade with Iran as sanctions loom“, Al Monitor details the way humanitarian aid, while ostensibly exempt from the sanctions, has been severely impacted by their economic aspect because humanitarian aid costs money. The Wall Street Journal further explains the effects of America’s economic warfare on ordinary Iranian civilians in an article titled “Iran Moves to Shelter Millions as U.S. Sanctions Bite“.

This is before the US implements a new level of attacks upon Iran’s oil industry, a primary economic lifeline, which is scheduled to begin on November fifth. If Iran can’t find a way to get around these crushing sanctions in a significant way, many civilians already stretched far too thin will be pushed past the breaking point.

…click on the above link to read the rest of the article…

Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming

I did not believe Trump would be so foolish as to force the entire world to accept Iranian sanctions. I was wrong.

Here’s my general policy: When you are wrong, it’s best to admit it or someone will admit it for you, in a worse way.

I was wrong about how far Trump would carry his foolish policy on Iran.

Hedgeye energy analyst Joe McMonigle got it correct as this Energy Flashback shows.

Choking Point

Yesterday, Trump tightened the noose on Iran. How tight?

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Trump Administration officials have explained that primary and secondary sanctions will be reimposed after 90- or 180-day “wind-down” periods, depending on the business activity, and that failure to halt sanctioned activity by the end of the wind-down period would risk “severe consequences.”

President Trump’s NSPM indicates that “all” of the sanctions waived or lifted under the JCPOA will be reimposed. These changes most likely will be implemented through new Executive Orders (EOs) from the president; termination of the periodic statutory sanctions waivers that have been issued by the Secretary of State; and changes to licenses, licensing policy, and the SDN list that will be made by OFAC. While there are numerous questions still outstanding about how the new sanctions may be implemented on a practical level, it is clear that the greatest impact of the reimposition of the sanctions will be on non-US entities, including non-US entities owned or controlled by US persons.

Sanctions Subject to 90-Day Wind-Down

  • The purchase or acquisition of US dollar banknotes by the Government of Iran
  • Iran’s trade in gold or precious metals
  • The direct or indirect sale, supply, or transfer to or from Iran of graphite, raw, or semi-finished metals such as aluminum and steel, coal, and software for integrating industrial processes

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Olduvai IV: Courage
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