Domestic Economy

Iranian Pundits Undermine Impact of US Sanctions

Iranian Pundits Undermine Impact of US SanctionsIranian Pundits Undermine Impact of US Sanctions

The second and final wave of US sanctions against Iran, claimed by the US to be the harshest ever, have now snapped back, but a host of prominent Iranian pundits and private sector representatives say much of the impact of the new restrictions have already been felt and therefore the effect will be limited going forward.
The sanctions, targeting about 700 entities, hundreds of which are new targets on top of those that hit Iran under the administration of former US president, Barack Obama, came after a wind-down period ended on Nov. 4 after incumbent President Donald Trump unilaterally withdrew from Iran's nuclear deal in May.


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