Sanctions enforced last month have left Iran’s shipping, banking, oil, energy and shipbuilding industries floundering.
In the fallout, the Iranian rial has lost more than a quarter of its value against the dollar, sending the prices of food and other basic commodities soaring.
“The US sanctions on Iran are intended, as Secretary of State Mike Pompeo declared, to choke off funds that the regime uses to support its malign activities in the region,” said Dr Albadr Al-Shateri, politics professor at the National Defense College in Abu Dhabi.
“The second purpose is to target Iranian elites who line their pockets at the expense of Iranians’ welfare. Finally, the sanctions bring maximum pressure on the ruling regime to change its behavior.”
Pompeo said that Iran’s leaders must be “made to feel the painful consequences” of their violence and corruption.
Al-Shateri said: “The sanctions, despite their unilateral nature, have hurt Iran. Many companies that had planned to invest in Iran changed course, fearing US punitive sanctions.
“The Iranian currency plunged, unemployment is high and inflation is soaring. The International Monetary Fund points to declining growth due to the sanctions.”
Frustration at the declining economy has led to protests in Iran. “The policy … is clearly intended to clip Tehran’s wings and undermine its legitimacy,” said Al-Shateri.
“The regime in Tehran will use the sanctions as a rallying cry against Washington. But despite demonstrations against Iran’s government, a groundswell of support for regime change isn’t materializing.”
Al-Shateri cited two reasons for this: The regime’s ability and willingness to suppress protests, and the Iranian people’s despondence, reticence and fatigue, as evidenced by the dwindling number of demonstrators.
Read more: Al Bawaba
Iran Briefing | News Press Focus on Human Rights Violation by IRGC, Iran Human Rights
Mar 22, 2019 Comments Off on Pompeo: Houthis Should Know they Cannot Win in Yemen
Mar 21, 2019 Comments Off on World War 3: Iran issues huge oil threat to US ‘We will CLOSE the Strait of Hormuz’
Mar 21, 2019 Comments Off on France bans flights operated by Iran’s second-largest airline
Mar 19, 2019 Comments Off on Mike Pompeo returns to Middle East to urge action against Iran with 3 different partners
Mar 26, 2019 Comments Off on GERMANY REFUSES TO DISCLOSE IRANIAN ATTEMPTS TO BUY NUCLEAR, MISSILE TECHNOLOGY
Mar 25, 2019 Comments Off on Israel Candidate Gantz Says Willing to Use Force on Iran
Mar 25, 2019 Comments Off on Iran expanding its regional influence in a big way
Mar 25, 2019 Comments Off on Iran Hints at Using Foreign Militias in Domestic Crackdown
Mar 26, 2019 Comments Off on GERMANY REFUSES TO DISCLOSE IRANIAN ATTEMPTS TO BUY NUCLEAR, MISSILE TECHNOLOGYGERMANY REFUSES TO DISCLOSE IRANIAN ATTEMPTS TO BUY NUCLEAR, MISSILE TECHNOLOGY GERMANY REFUSES TO DISCLOSE IRANIAN ATTEMPTS TO BUY NUCLEAR, MISSILE TECHNOLOGY WASHINGTON – The German foreign ministry declined to...
Mar 25, 2019 Comments Off on Israel Candidate Gantz Says Willing to Use Force on IranIsrael Candidate Gantz Says Willing to Use Force on Iran Israel Candidate Gantz Says Willing to Use Force on Iran Benny Gantz, who is posing a stiff challenge to Israeli Prime Minister Benjamin Netanyahu in upcoming...
Jul 14, 2016 Comments Off on Corps’ one hundred thousand of triggered missiles in Lebanon:An official Israel-threatening by CorpsIran Briefing: Since August 7, 1979, when Ayatollah Khomeini declared the last Friday of Ramadhan as “Quds Day”, the Islamic Republic has always tried to hold an imposing ceremony by using state resources as well as requiring people’s involvement. This year’s Quds march had fundamental...