Iran sanctions are here. The United States has officially reimposed all sanctions against Iran that were lifted under the terms of the Iran nuclear deal. Yet it has granted temporary waivers that will allow eight countries – China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey – to continue to import Iranian oil. That’s seven of Iran’s top 10 buyers. (Taiwan ranks 12th.) Iran and the U.S. are trying to shape the media narrative to their advantage. U.S. President Donald Trump said he was open to a more comprehensive arrangement, and Iran’s foreign minister said Iran was amenable to talks so long as the U.S. “changes its approach.” But what this all comes down to is pretty simple. Washington has identified Iran as the biggest threat to its interests in the Middle East and so is attempting to change its behavior without raising oil prices. Iran is in the throes of economic crisis and the political infighting that comes with it, so it wants to hold out as long a
Daily Memo: Iran Sanctions, Belarus and the West, Defiant China
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