EXPERTS ALERT TO THE FACT THAT THE SANCTIONS ON IRAN COULD BACKFIRE




Serhat TUNAR -TDO - According to Time, U.S. President Donald Trump’s decision to end six-month waivers from U.S. sanctions for five countries that have continued buying Iranian oil was met with predictable outrage from Iran.

But some experts warn President Trump that this move could backfire in countries like China, Turkey and Iraq.

In response to the sanctions, Greece, Italy and, Taiwan had stopped buying Iranian oil, but China, India, Japan, South Korea, and Turkey have continued to import Iranian oil.

As is known, Trump’s sanction caused Iranian oil exports to be reduced from more than 2.5 million barrels a day to less than 1 million, discouraged foreign investment, and sent the value of Iran’s currency plummeting and inflation soaring.


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