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Oil sanctions on Iran threaten the US too

Posted on 03 October 2012

Its his way of showing how tough he is, following in the insidious tradition of former Secretary of State Madeline Albright who told a TV interviewer that the sanctions her administration imposed on Iraq were “worth it,” even as they claimed the lives of a million children.
Ironically, some experts who look at their impact closely find that they are not that effective. OPEC says Iran continues to export its oil. Andrew Davenport writes in the Washington Post, “The reality is that current sanctions policy is simultaneously extensive and flimsy. It amounts, in large part, to labeling a broad array of business activity as “sanctionable.” But with the exception of a handful of cases, the actual sanctioning of violators has been markedly absent………………………………………..Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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