New US Sanctions on Iran
By Leslie on October 28, 2007 at 5:32 PM in Current Affairs

Imam Square, Isfahan, Iran.
Last Thursday, Bush imposed the stiffest economic sanctions against Iran since 1979. The new sanctions target the Iranian Revolutionary Guard Corps [IRGC], the Qods force, Iranian banks, companies allegedly associated with the IRGC and individuals.
Bush’s announcement coincided with increased tensions between Turkey and Iraq, Kurdish tensions with Iran, news of deteriorating security in Afghanistan, Israel’s raid on Syria and the bombing in Karachi, Pakistan. On top of rising ME tensions and Bush’s war rhetoric, Bush also asked Congress for $88 million to equip B-2 stealth bombers with bunker busters, perhaps to be used against hardened targets most likely found in Iran.
Is Bush trying to start WWIII?
Bush’s unilateral action is likely to frustrate diplomatic efforts by increasing tensions, possibly paving the way for US military action. But Bush has yet to prove that Iran is doing anything illegal. [For example: The Bush administration's claims that "Iran is the major force funding and directing insurgent groups," which are killing US troops. See Larry Johnson's Sept. 12, 2007 post debunking that here.]
The sanctions, in fact, may harm US interests more than they harm Iran. By threatening reprisals against any country or foreign company that does business with Iran the US may be further isolating itself from those countries and companies, including our allies and close friends, which may also do business in the US. For example: Iran has huge oil and gas reserves, while many countries face growing energy needs, such as China and Russia. China is currently negotiating a big deal with Iran.
In addition, Bush policies are bankrupting our nation. The wars in Afghanistan and Iraq alone could cost $2.4 trillion over the next decade. How much more in lives and treasure would war with Iran cost?

















