Iran Faces Bleak Options as the U.S. Turns the Screws
Apr 24, 2019 | 09:00 GMT
- Despite the United States' move to end exemption waivers for Iran's oil exports — the country's economic lifeline — Tehran will continue to make some shipments.
- Nevertheless, the robust measures will exacerbate Iran's economic, currency and financial crises as the country struggles to import much-needed food.
- Iran's lower and lower middle class will begin to feel economic pain as a result of the sanctions, raising the risk of a humanitarian crisis that would compound the one Iran is already facing because of record flooding.
- Hard-liners are calling for a strong retaliation, including Iran's departure from the nuclear deal, but such action would come at a high cost for Tehran.
- As part of its campaign of maximum pressure, the United States is likely to allow other waivers to expire without extension and impose even more sanctions on Iran.