How Iran Could Counter U.S. Sanctions - Bloomberg:
Donald Trump is targeting Iran’s oil, but U.S. sanctions alone might not be enough to shut down the Islamic Republic’s economic lifeline.
Discounts, bartering and smuggling — even disabling the tracking systems on its fleet of tankers — are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its exports flowing after U.S. restrictions resume in November, Ellen Milligan writes.
The sanctions will still hit hard, but sales abroad at those levels would cushion the impact for a ruling establishment rocked by a sharp depreciation in its currency and bubbling discontent over rising prices.
No comments:
Post a Comment