Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How Trump's sanctions are crippling Iran's economy
Deutsche Welle ^ | June 24, 2019 | Srinivas Mazumdaru

Posted on 06/24/2019 5:04:01 PM PDT by 2ndDivisionVet

The US move to reimpose sanctions on Iran and choke off the last remaining sources of Tehran's oil revenue has crippled the Iranian economy. For many ordinary Iranians, it's becoming increasingly hard to get by.

US President Donald Trump has slapped fresh sanctions on Iran as part of his "maximum pressure" campaign against the Middle Eastern nation. Trump's executive order on Monday targeted none other than Iran's supreme leader, Ayatollah Ali Khamenei, and his associates with financial sanctions.

US Treasury Secretary Steven Mnuchin said Trump's order will lock up billions of additional dollars in Iranian assets.

Tehran and Washington are currently locked in a bitter standoff, and escalating tensions have fueled fears of an unintended slide toward a military confrontation between the two sides, particularly after Iran shot down a US spy drone over the Persian Gulf last week.

The US has also beefed up its military presence in the region and blacklisted Iran's Revolutionary Guards as a "foreign terrorist organization." In response, Iran declared the US a "state sponsor of terrorism" and American forces in the Middle East and beyond as "terrorist groups."

Last year, Trump unilaterally pulled the US out of the landmark nuclear deal that Iran and six world powers struck in 2015. He has since reimposed wide-ranging sanctions, aimed at putting an end to Iran's oil exports, crippling its main source of foreign exchange and forcing Tehran to abandon its nuclear ambitions...

(Excerpt) Read more at dw.com ...


TOPICS: Extended News; Foreign Affairs; Government; Politics/Elections
KEYWORDS: djibouti; eritrea; hassannasrallah; hezbollah; iran; lebanon; stevenmnuchin; sudan; yemen
Navigation: use the links below to view more comments.
first 1-2021-25 next last

1 posted on 06/24/2019 5:04:01 PM PDT by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

My only question would be, why wasn’t this done long ago?


2 posted on 06/24/2019 5:08:47 PM PDT by Mark17 (With Jesus, there is more wealth in my soul, than acres of diamonds and mountains of gold.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
Last I heard, Iran was going to denominate its oil sales in Rials, and by doing so deliver a crippling blow to the economy of The Great Satan.

One Rial, by the way, is currently worth $0.000024 US, 2.4 one-thousandths of a cent. One dollar will buy you 40,000 Rials.

3 posted on 06/24/2019 5:11:12 PM PDT by Steely Tom ([Seth Rich] == [the Democrat's John Dean])
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Gosh, I guess Iran should renounce nuclear weapons!!

LOL! I kill me. Fat chance. Funny how all their problems would go away if they did this but not only Iran but the traitorous Western Europeans want Iran to get nukes too.


4 posted on 06/24/2019 5:20:16 PM PDT by VeniVidiVici
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Last I understood Iran invaded our embassy and, thus, may be considered at war with the United States.


5 posted on 06/24/2019 5:34:18 PM PDT by captain_dave
[ Post Reply | Private Reply | To 1 | View Replies]

To: Steely Tom

Iran’s inflation rate is 52%. Last year it was 14%:

https://tradingeconomics.com/iran/inflation-cpi


6 posted on 06/24/2019 5:40:13 PM PDT by Moonman62 (Facts are racist.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Steely Tom
Maybe we should buy their oil at 40,000 rials a barrel. 😁😀🤣
7 posted on 06/24/2019 5:53:45 PM PDT by Mark17 (With Jesus, there is more wealth in my soul, than acres of diamonds and mountains of gold.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Moonman62

I am sure the State Department or John Kerry or Valerie Jarrett or some other piece of garbage is shoveling them US dollars.


8 posted on 06/24/2019 5:59:09 PM PDT by cp124 (I didnÂ’t leave America, it left me.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: 2ndDivisionVet

Will people die of starvation and/or lack of proper medical care as a result of these sanctions, or will it just merely be an inconvenience for the average Iranian?

But the full nelson is on the leadership - do you know?


9 posted on 06/24/2019 6:04:34 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Notice how our Yurp “allies” took specific steps to undermine our foreign policy.


10 posted on 06/24/2019 6:12:09 PM PDT by FLT-bird
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
The Trump TDS curse is in full power!
11 posted on 06/24/2019 6:30:11 PM PDT by Grampa Dave (KAG! Keep America Great! Vote for President Trump in 2020! KAG! Keep America Great!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: VeniVidiVici

It’s not the nuclear weapons so much as Iran’s attempts to bypass the US Dollar selling their oil.

The USA cannot afford country after country chipping away at Dollar dominance, aka, reserve status.

If you look you’ll find that virtually every country we have a major problem with has worked to conduct international business outside of the Dollar system.

Of course, threatening Israel doesn’t help.


12 posted on 06/24/2019 6:45:31 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Mark17

“My only question would be, why wasn’t this done long ago?”

the same reason you don’t kneecap both knees to start with: you do one, and you have the threat of doing the other one if the first one doesn’t do the job ...


13 posted on 06/24/2019 7:26:16 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: catnipman
the same reason you don’t kneecap both knees to start with: you do one, and you have the threat of doing the other one if the first one doesn’t do the job ...

If this doesn’t work, I wonder what the next step is?

14 posted on 06/24/2019 7:43:36 PM PDT by Mark17 (With Jesus, there is more wealth in my soul, than acres of diamonds and mountains of gold.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Mark17

“If this doesn’t work, I wonder what the next step is? “

ankles ...


15 posted on 06/24/2019 8:24:42 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: catnipman
😁🤣😆👍
16 posted on 06/24/2019 10:22:49 PM PDT by Mark17 (With Jesus, there is more wealth in my soul, than acres of diamonds and mountains of gold.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Mark17

they have been selling us out for decades..graaavy train


17 posted on 06/25/2019 3:15:13 AM PDT by aces (and)
[ Post Reply | Private Reply | To 2 | View Replies]

To: cp124

This would be an excellent time for another Deep State visit by John Kerry to Tehran.

He would make a fine hostage—in the minds of stupid mullahs. And they need some quick cash.

The Trump tweets would make the whole thing worthwhile.


18 posted on 06/25/2019 3:36:36 AM PDT by jazminerose (Adorable Deplorable)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Steely Tom

And President Trump opens more land for domestic drilling.

What was their point exactly?


19 posted on 06/25/2019 3:37:33 AM PDT by jazminerose (Adorable Deplorable)
[ Post Reply | Private Reply | To 3 | View Replies]

To: jazminerose
He would make a fine hostage—

In two weeks they would be offering us hard currency to take him back.

20 posted on 06/25/2019 3:40:50 AM PDT by drop 50 and fire for effect ("Work relentlessly, accomplish much, remain in the background, and be more than you seem.")
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-25 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson