Sanctions Against Iran’s Petrochemicals Are Coming Soon
High-ranking officials within the Trump administration have reported of new sanctions being designed against Iran.
According to Axios, two high-ranking officials who remained anonymous reported that the Trump administration is planning on imposing more sanctions against Iran. According to the Wall Street Journal, these new sanctions will aim at Iran’s petrochemical exports.
Based on the report, the sanctions will be put in place on May 8, on the anniversary of the United States leaving the JCPOA (Iran nuclear deal).
The analytical report in Axios says that these sanctions will limit the regime’s access to financial sources and reduce the country’s economic diversity.
The two anonymous officials in Trump government have pointed out the effects of these sanctions in different areas. They believe that when Iran’s hands are financially tied, the regime will have to come to the negotiation table for a better nuclear deal that the United States seeks.
The two have described Iran’s economic conditions as terrible and pointed out huge problems such as big European companies leaving Iran and the flood and locust crises.
At the end of the report, the two officials have been quoted to say that Iran’s regime might respond to these condition with “a completely unpredictable behavior”, therefore “we here in the U.S are strongly considering all the security issues.”