Trump's Iran Sanctions Will Hurt Iran, But How Much?

Anti-US protests held in Iran

Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live

He also said that the European Union intends to comply with the terms of the nuclear agreement with Iran as long as it adheres to Tehran and despite the White house's decision to withdraw from the deal. There hasn't been much investment in Iran [from European energy companies] except for [French oil giant] Total, and they're ready to come out.

Merkel said in a speech to a labor union congress in Berlin that President Donald Trump's decision to withdraw from the 2015 agreement marked "a shift in German-American, in European-American relations". Other companies decided they didn't want to have anything to do with Iran.

Tehran has warned it is prepared to resume "industrial-scale" uranium enrichment "without any restrictions" unless Europe can provide solid guarantees that it can maintain the economic benefits it gained from the nuclear agreement despite Washington reimposing sanctions.

The administration says the lifting of sanctions as part of the nuclear pact had allowed Iran to build up its military. It also points to a refusal to accept that Trump's decision on Iran, fulfilling a campaign pledge to USA voters, should be allowed to upend a global agreement negotiated over years and which worldwide observers say is working. Instead of geniality, what we've received from Iran is threats to wipe out Israel, the harassment of the USA military to the point of taking hostages and a bloody, terroristic presence in the Middle East meant to say Iran would soon be in murderous control.

The president continued, "In other words, at a point when the United States had maximum leverage, this disastrous deal gave this regime - and it's a regime of great terror - many billions of dollars, some of it in actual cash". But even assuming that he is right, what evidence is there that Iran would agree to terms more favorable to the United States after we left an existing agreement when, at the very least, they have support from Russian Federation and China? This intervention and other interventions in Lebanon and Iraq have also bankrupted Iran economically. Within an hour of Trump's announcement, Israel launched another missile attack on a Syrian base used by Iran.

"Remember how badly Iran was behaving with the Iran Deal in place", he said.




China which is one of Iran's main trade partners and its largest provider of imported goods would continue to purchase Iranian oil and pay with goods and construction projects.

Mr Johnson spoke to reporters as he and counterparts from Germany and France met with Iranian overseas minister Javad Zarif.

Those who will suffer the most will be the Iranian popular masses. Cautioning that while their leaders say they will refuse to negotiate, "When they do, I am ready, willing, and able".

Just at a time when a wave of labor protests and strikes has spread throughout the country following the December and January mass protests which called for the overthrow of the Islamic Republic and an end to its intervention in Syria and Lebanon, the sanctions and a possible direct war will have deadly effects.

"We know it's a hard task but we are detemined to do it and we have started to work to put in place measures that help ensure this happens", she told reporters.

First published at the Alliance of Middle East Socialists website.

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