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 […]
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The U.S. Treasury Department recently designated a network of 22 Iranian businesses as supporters of terrorism, including several banks and major commodities companies, imposing sanctions on them for their alleged financial ties to a powerful Iranian militia. The goal was to expose and discredit the paramilitary group they are said to finance, known as the Basij, which is linked to the Iranian Revolutionary Guard Corps and, according to the Treasury Department, has recruited child soldiers sent to fight in Syria to support the Assad regime. Yet like other forms of financial pressure from the Trump administration, these sanctions likely won’t […]