No Pause in US Economic War on Iran

Mr. Gowans has really been busy lately. Apologies to those who already subscribe to his blog, but we want to be sure to introduce our newest subscribers to the wisdom of Mr. Stephen Gowans. If you don’t know, ask him – he’ll tell you “what’s left.”

what's left

By Stephen Gowans

David Cohen, a US Treasury Department undersecretary, took pains in The Wall Street Journal (December 10) to point out that despite the sanctions relief provided for in the November interim nuclear agreement between Tehran and the P5+1 [1], that the US-led economic war on Iran continues largely unabated. Cohen’s message is that the relief package “is economically insignificant to Iran,” while US-led oil sanctions, trade disruptions, and efforts to isolate Iran from the US banking system—which remain in place despite the deal—continue to hobble Iran’s economy.

I warned in an October article that no matter how it looked on the surface, an accord with Iran would represent an insignificant concession by Washington, a point Cohen confirms. The reality, however, has not been widely grasped, and the deal has been misconstrued in many quarters as a possible precursor to a detente and normalization of relations between the West…

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