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gulfstates15Lélia Rousselet
(Researcher in international relations. Her work included research on security and
defense issues, French and American foreign policy, and Middle-Eastern and
Mediterranean affairs. She is Vice-President of the Open Diplomacy Institute (Paris, France).

Copyright: Research Institute for European and American Studies (www.rieas.gr)
Publication date: 08 December 2018

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS).

Following US withdrawal from the Iran nuclear deal (JCPOA) last May, Trump’s administration has progressively re-imposed economic sanctions on Teheran. On November 5, 2018, a new wave of US sanctions has been implemented, targeting exports of oil and bank operations, and complete the first set of sanctions in place since August 6. But the consequence of November sanctions is of another magnitude: a disconnection of Iran from the international financial system, and the impossibility for Teheran to sell its oil – which represents 17% of its GDP. The US agreed to let 8 countries buy Iranian oil for a limited period of time: China, India, Japan, South Korea, Italy, Taiwan, Turkey and Greece. These countries can have a delay in exchange of a commitment to reduce their imports of crude oil from Iran...Read more

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