The Trump administration’s restored Iran sanctions have started strong and are likely to become even stronger in the future. The US Treasury Department’s recent announcement that the so-called “significant reduction waivers,” which allowed certain foreign countries to continue buying Iranian oil in reduced quantities, were ended and that no new waivers were forthcoming was a major positive development. The US terrorist designation of the Islamic Revolutionary Guards Corps, which in addition to their military activities control important segments of the Iranian economy, was another welcome step. The totality of US sanctions have been effective and have imposed heavy costs on the Iranian regime.
Secondary sanctions would put Tehran and Hezbollah in an economic chokehold
Disclaimer: Views expressed by writers in this section are their own and do not reflect Al Arabiya English's point-of-view.
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