Who is Winning the Sanction War?
Robin Mills describes the effects of the sanctions imposed on Iran. In the end, the sanctions do not help anyone.
The geopolitics of the proposed sanctions make even less sense. In the United States’ interminable confrontation with Iran, a country with 2 percent of its GDP and 1.5 percent of its military budget, it is handing gifts to two real rivals: China and Russia. China benefits, as noted, from discounts on its oil purchases. If the Central Bank sanctions work as intended, a China hooked on cheap Iranian oil is hardly going to work for any resolution to the standoff.