go to top
Secretary of State Mike Pompeo, left, and Treasury Secretary Steven Mnuchin, present details of the new sanctions on Iran, at the Foreign Press Center in Washington, Nov. 5, 2018 (AP photo by J. Scott Applewhite).

Trump’s Iran Sanctions Are Especially Costly for America’s Closest Allies

Tuesday, Nov. 20, 2018

President Donald Trump is again sending mixed signals on an important policy. Earlier this month, his administration followed through on reimposing oil sanctions against Iran, though the immediate effect is on third parties doing business with Tehran. He then immediately waived the sanctions for six months for eight countries that are Iran’s major oil and gas customers, explaining the waivers by saying he did not want to roil oil markets.

The administration did not, however, issue a waiver for the European Union, which played a key role in the United Nations sanctions that forced Iran to come to the negotiating table five years ago and later agree to stop developing the capacity to produce nuclear weapons. The EU wants to salvage the 2015 nuclear deal with Iran, which Trump pulled the U.S. out of earlier this year, and is actively trying to prevent European-based firms from cooperating with the new American sanctions. ...

Want to Read the Rest?
Login or Subscribe Today.
Get unlimited access to must-read news, analysis and opinion from top experts. Subscribe to World Politics Review and you'll receive instant access to 9,000+ articles in the World Politics Review Library, along with new comprehensive analysis every weekday . . . written by leading topic experts.

YES, I want to subscribe now.