Trump Pushes of More Iran Sanctions, But Not Much Left to Target
LONDON (Dispatches) - President Donald Trump was threatening Iran with additional sanctions on Monday, but there was not much left for the U.S. to target.
The U.S. is already sanctioning oil, banks and steel, leaving smaller targets including certain exports and government officials.
Trump could also hit Iran’s central bank with secondary sanctions: as it is hurting humanitarian trade.
"The Trump administration has already hit most of Iran’s cash-earning this year,” said Peter Harrell, a fellow at the Center for New American Security, a Washington-based research group.
Trump announced plans for major sanctions on Saturday, following his abrupt cancellation of planned air strikes against the Islamic Republic for shooting down a U.S. Navy Spy drone in Iran’s airspace on Thursday.
In May last year, the U.S. president pulled his country out of the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal that was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the U.S., Britain, France and Germany).
The U.S. is already sanctioning oil, banks and steel, leaving smaller targets including certain exports and government officials.
Trump could also hit Iran’s central bank with secondary sanctions: as it is hurting humanitarian trade.
"The Trump administration has already hit most of Iran’s cash-earning this year,” said Peter Harrell, a fellow at the Center for New American Security, a Washington-based research group.
Trump announced plans for major sanctions on Saturday, following his abrupt cancellation of planned air strikes against the Islamic Republic for shooting down a U.S. Navy Spy drone in Iran’s airspace on Thursday.
In May last year, the U.S. president pulled his country out of the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal that was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the U.S., Britain, France and Germany).