Tikvah
Editors’ Pick

June 21, 2018

Iran’s Troubled Banking System Makes It Especially Vulnerable to Sanctions

How to exploit a weak spot.

When the U.S. withdrew from the nuclear deal and renewed sanctions on the Islamic Republic, many asserted that the new measures could never have the effect of those in place during the pre-deal years, since European nations would not join in enforcing them. The Europeans have, in fact, held fast to the agreement, but, notes Patrick Clawson, European corporations are far from eager to do business in Iran. Furthermore, he writes, the U.S. can make serious trouble for Tehran by going after its financial institutions, which are already in a precarious state:

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