DW’s Brent Goff and Daniel Winter discuss the economic repercussions of the new US sanctions against Iran
Turkey has been exempt from oil sector sanctions imposed by Washington on the regime in Tehran. But Turkish businesses fear the possible consequences of a likely shift in Donald Trump's mood toward Turkey.
Iran has vowed to skirt US sanctions and keep exporting oil. The US goal of cutting Iranian oil exports to zero is already being rolled back by reality.
US Secretary of State Mike Pompeo has announced the details of US sanctions against Iran, including oil exemptions for eight countries. Tehran has said it will continue to sell oil despite the new sanctions.
Ordinary Iranians are likely to suffer the most under the latest round of US sanctions. Though some optimism remains about backdoor support through oil exports, the long-term outlook for Iran's economy remains dire.
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