Sanctions on Iran Show Mixed Results Amid Global Economic Complexity
The United States has imposed new economic pressure on Iran through sanctions, which could potentially harm the country's economy. However, it is unclear whether this pressure will lead to the desired political outcome for Washington.
Iran has developed a system to adapt to US sanctions over the years, with oil sales made through intermediaries and independent refiners. These companies often have less contact with the United States, making it harder for Washington to isolate Iran completely.
China plays a significant role in this system, as it buys most of Iran's oil exports. Despite US sanctions on some Chinese companies involved in trading Iranian oil, China has not fully complied with these measures. Instead, it has ordered local players not to recognize or implement US sanctions.