701. Targeting Financial Entities outside Iran to Counter Tehran’s Economic Strategy
- Author:
- Yair Albeck
- Publication Date:
- 12-2022
- Content Type:
- Policy Brief
- Institution:
- Hudson Institute
- Abstract:
- Tehran is stringing out the nuclear negotiations endlessly with the expectation that President Joe Biden will not admit that the talks have failed. After such an admission, the public would likely pressure the administration to stop offering Iran stealth economic relief through the lax enforcement of sanctions. Rigorous enforcement would, the White House fears, remove Iranian oil from the market and contribute to the global energy crisis that Russia’s war against Ukraine sparked. Meanwhile, Iran is benefitting doubly—strategically and economically—from the war, selling missiles and drones to Russia and oil to China. Given this advantageous situation, Tehran wants negotiations to continue. Can the United States escape from this conundrum? In fact, it can impose severe economic costs on Tehran without removing oil from the market.
- Topic:
- Corruption, Diplomacy, Sanctions, Democracy, and Negotiation
- Political Geography:
- Iran and Middle East