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.

What’s independent journalism worth to you?

Our news will always be free to read, watch, and listen to online. But what is its value?

Unbiased reporting on the issues that billionaire-owned newsrooms won’t touch. Fearless research into the dark corners of government and corporations. Ferociously fact-checked news that focuses on the facts, and the facts alone.

It IS free for you and every reader, viewer, and listener to utilize. But it’s not free for our team to make. So, what’s it worth to you? Let us know by making a donation: Make a one-time donation today to support this work. Or make a monthly sustaining donation to help us plan for the future.

Whatever you choose, know that you’re supporting more independent, investigative journalism in a time when we need it most.

What’s independent journalism worth to you?

Our news will always be free to read, watch, and listen to online. But what is its value?

Unbiased reporting on the issues that billionaire-owned newsrooms won’t touch. Fearless research into the dark corners of government and corporations. Ferociously fact-checked news that focuses on the facts, and the facts alone.

It IS free for you and every reader, viewer, and listener to utilize. But it’s not free for our team to make. So, what’s it worth to you? Let us know by making a donation: Make a one-time donation today to support this work. Or make a monthly sustaining donation to help us plan for the future.

Whatever you choose, know that you’re supporting more independent, investigative journalism in a time when we need it most.

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

INDEPENDENT. BECAUSE OF YOU.

Mother Jones has no billionaires calling the shots—just readers like you making fearless reporting possible

Donate