Pushes Oil Trade Toward Direct Barter
With P5+1 talks set for later this month, the Obama Administration has predictably announced yet another round of sanctions against Iran, which officials termed “a significant turning of the screw” in the economic war against the nation.
The latest rounds include sanctions against the Iranian press, as well as efforts to make it even harder for the nation to export oil abroad. The lack of access to international banking has already pushing Iran to trade oil for gold, and the new sanctions will make barter even more necessary.
The sanctions also targeted a major Iranian electronics company, accusing them of being responsible for eavesdropping inside Iran, and the Iranian Cyber Police, who monitor online behavior and filter web sites.
Analysts say the newest round of sanctions, like those of the past, will likely have little impact, primarily harming the private economy and civilians while the government continues to have the infrastructure to circumvent the worst of it.
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