Economic/political impact of new US sanctions on Iran
US economic sanctions against Iran A significant portion of the sanctions imposed against the Iranian regime following the U.S. withdrawal from the Iran nuclear deal will become active after 90 days and others after 180 days. The new U.S. Treasury sanctions, however, go online immediately. The economic impact of these sanctions can be witnessed in a rush to the exit door by numerous foreign companies involved in business with Iran. Many foreign companies one after another are currently pulling out of Iran and/or completely ending their contracts with Tehran. “Eight large European firms are determined to exit Iran,” according to the semi-official Tasnim news agency, affiliated to the Iranian regime’s Revolutionary Guards Quds Force. There are numerous reports in the media of large, multinational European companies exiting Iran. This slate includes Total, Reliance, Eni, Siemens, Airbus, Maersk, Allianz and…, proving the United States’ influence to neutralize Euro...