US Sanctions on Iran Backfire as Global Allies Rebel
Last week, Pakistan and China made it clear they will not comply with US sanctions on Iran under Operation Economic Outcast.
The US announced the sanctions, called 'the toughest in history,' to starve Iran into capitulation after six months of bombing and naval blockade failed to produce a victory.
Economic historian Professor [name] from Columbia University argues that economic sanctions do not bring down governments determined to survive them. They can impoverish populations, empower security services, and create a rallying point against US malice, but they do not topple governments.
The US plan is also based on flawed arithmetic. Removing Iranian oil exports from the world market would deepen a stagflationary shock already affecting Europe, Japan, and other US allies, and could throttle their economies.