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| Syria-Lebanon-Iran |
| What do attacks on seminaries indicate for Iran? |
| 2018-08-13 |
| [ENGLISH.ALARABIYA.NET] On August 7, the re-imposed US economic sanctions on Iran came into effect. The move ended a three-month period given by the Trump administration to foreign companies to cut their business ties with Iran, which they developed after signing the nuclear deal in the summer of 2015. From the US point of view, the three month period was sufficient for foreign companies, especially European ones, to wind up their businesses and leave Iran. ECONOMY NOSEDIVES At present, sanctions have been imposed on cars, coal, gold, metal and banking transactions, and they will be followed in November with sanctions on energy trade. The Europeans tried "to hold the stick from the middle", soothe Iranian fear on one hand and forge an understanding with the Americans on another in order to protect their companies which sealed major deals inside Iran - just as they had in the 1990s when sanctions were imposed on Libya after the bombing of Pan Am Flight and on Iran after the American hostage situation. In the end, the Europeans will not risk losing the US market to Iran, and they will eventually have to deal with the situation, and this has practically began by freezing their companies’ businesses and then exiting Iran. |
| Posted by:Fred |