1 week ago

United States Plans Economic Campaign to Pressure Iran

United States Plans Economic Campaign to Pressure Iran
A fourth way to end a war · thehindubusinessline.com

The United States is planning new economic punishments against Iran.

The goal is to make it harder for Iran to trade and receive money.

American officials believe this could pressure Iran without needing more military action.

Iran says such measures are a form of economic terrorism.

Iran is already dealing with high inflation and protests.

The plan could require help from countries near Iran and from other trading partners.

China buys much of Iran’s oil and may resist American pressure.

Higher food and oil prices could also affect American lawmakers before the midterm elections.

Key facts

Campaign name
The initiative has been described as Economic Warfare or Economic Fury.
Reported objective
To totally isolate Iran economically and pressure its regime.
Possible measure
Secondary sanctions against countries or institutions supporting Iran.
Iranian inflation
About 65 percent, according to the article.
Iranian oil trade
China is said to receive nearly 80 percent of Iran’s oil.
Legislative measure
The Senate-approved Lindsey Graham Sanctioning Russia and Iran Act would impose 100 percent tariffs, subject to House approval.
Election concern
Further increases in food and oil prices could affect lawmakers seeking reelection in the November 3 midterm elections.

Sources

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