Iran Sanctions Bite Ever Harder

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.

While Mitt Romney and Newt Gingrich were busy giving rabble-rousing speeches about how the appeaser-in-chief has been touring the globe apologizing for America and hollowing out our military influence, guess what happened?

Europe slapped a boycott on Iranian oil Monday, signaling that the Islamic Republic’s second-largest market is likely to dry up as part of a U.S.-led sanctions campaign that has already inflicted serious damage on Iran’s economy and sharply increased tensions.

….In the past, Europe often has resisted U.S. efforts to build pressure on Iran. “If you had told me a year or two ago that the Europeans would do something like this, I would have said you were crazy,” said Mark Dubowitz, executive director of the Foundation for Defense of Democracies, a research group in Washington that favors strong sanctions.

….The effect will be amplified by a new round of U.S. sanctions, which, if fully implemented, will prevent companies that do business with Iran’s central bank from dealing with American companies….China says publicly that it will not yield to pressure to give up Iranian oil, but it has reportedly cut back on purchases for January and February and is pushing for discounts.

How about that? Europe is now fully on our side, Russia and China are officially neutral but not actively undermining us, and Iran is starting to feel serious pressure. Somebody’s foreign policy seems to be having an actual effect.

It can’t be President Obama, though. Too weak. Here’s what’s really happening: the EU is desperately getting on the sanctions bandwagon because they’re afraid that President Gingrich will bring down the hammer after he wins a landslide 535 electoral votes in November (the big-government leeches in DC stubbornly hold out against the tide, of course). The fear of Newt is forcing them to get serious for the first time ever.

Think I’m joking? Ten bucks says some actual conservative columnist makes this argument. For all I know, someone already has.

DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

With only days left until December 31, we've raised about half of our $400,000 goal—but we need a huge surge in reader support to close the remaining gap. Whether you've given before or this is your first time, your contribution right now matters.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do. That’s why we need you right now. Please chip in to help close the gap.

DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

With only days left until December 31, we've raised about half of our $400,000 goal—but we need a huge surge in reader support to close the remaining gap. Whether you've given before or this is your first time, your contribution right now matters.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do. That’s why we need you right now. Please chip in to help close the gap.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate