Western economic and commercial sanctions on Iran are affecting Iran’s economy. It will nothing be wrong at all with saying that after the United States economic and commercial sanctions, Iran’s economy is affecting the lives of the Iranian people.
Iran has signed a nuclear deal after a long discussion with the 6 world powers in 2015, during the former US President Obama administration to get rid of the long-standing blockade. But Donald Trump was elected the new president of the United States shortly after the deal and then the whole situation changed. In May, Trump began to impose more stringent sanctions on Iran by removing the United States from the deal.
As a result, Iran’s President Hassan Rouhani is trying to encourage France, Germany and the United Kingdom to maintain their previous commercial and investment commitments and to keep Iran’s nuclear deal alive. Hasan Rouhani recently said, “If the remaining signatories can ensure the benefits of the treaty of Iran, Iran will maintain the nuclear deal, even if the United States does not exist.”
On the other hand, the United States has threatened that the trump administration may impose economic sanctions on those allies of Iran who will continue to work after the US siege with Tehran.
It is clear that their oil trade contributes significantly to the economy of Iran. The main buyers of this oil revenue include China, India, South Korea, Japan, France, Italy, Greece and Spain. It is also revealed that Although United States is pressurizing India and Korea not to buy oil from Iran during this block, China, India, Korea and Japan continued to buy more oil from Iran by a regular mean.
Earlier this week, a news report from “Japan Today”, an executive officer of China’s private oil company Dongming Petrochemical Group, said that they stopped buying crude oil from the United States and were going to buy oil from Iran.
Meanwhile, after the US left out of Iran’s nuclear deal, the foreign ministers of France, Germany, Britain, Russia and China attended in a meeting with Iran’s Foreign Minister for the first time on Friday.
Chinese Foreign Ministry spokesman Hua Chuning said in a press conference in Beijing that Beijing is offering a five-phased proposal to protect nuclear negotiations in today’s difficult and complex circumstances. He also said that the international law should be followed in respect of this compromise; big powers should be identified with honesty and responsibility, refrain from a single view of the imposed sanctions on behalf of a country, and must be discussed and consulted on constructive attitudes related to joint interest.
Previously, it was revealed that the sanction not only affect the Iran economy but also the US economy as well. In 2014, Wall Street Journal reported referring the name of National Iranian American Council that Sanctions against Iran cost the U.S. as much as $175.3 billion in lost export opportunities over 18 years.
On 2nd July while visiting Switzerland Iran’s President Hassan Rouhani warned that if all other country will be able to supply oil to the region except Iran then why we will not think to close all transports through Hormuz Strait in Tehran? With this Hormuz strait, 30 percent of the world gross hydrocarbons are transported.
After Hassan Rouhani’s statement, Qasim Solaimani, The chief of the revolutionary guards of Al Quds Force, supported his speech And Solaimani indicates that the military is ready to stop the strait to protect Iran’s national interest.
Since the Islamic Revolution in 1979, Iran has been moving forward in the face of ignoring the conspiracies, threats and sanctions of the United States and Israel. But the United States continued to block them over and over again. In response to such a siege, actually we don’t know what Iran will do? But it is assumed that they have a vigorous plan and time will explain everything.
Writer: Medical Student from Isfahan University of Medical Sciences; Isfahan, Iran