Sanctions bite but won’t derail Iran's nuclear ambition
Friday 23 August 2013
New signs are emerging that international sanctions are taking a deepening toll on Iran’s economy – putting billions of dollars in oil money out of the government’s reach.
Yet there is no indication the distress is achieving the West’s ultimate goal of forcing the Islamic Republic to halt its nuclear programme.
Iran has proved adept at working around sanctions, and if oil prices do not plummet, US analysts say the country probably has enough economic stamina to reach what the West suspects is its true intention – producing nuclear weapons. “They can hang on for a long time,” said Steve Hanke, a professor of applied economics at Johns Hopkins University in the US, who follows the Iranian economy. “The sanctions as a deterrent for nuclear ambitions are more or less futile because all the experts will tell you they can [make a weapon] in a couple of years.”
Sanctions are at the core of international efforts to stop Iran’s nuclear programme. If they fail, the West may have to choose between accepting a nuclear-armed Iran or taking military action.
'The Fappening': Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
The Fappening: Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
- 4 Alex Salmond: 'The rocks would melt with the sun before I'd ever set foot in the House of Lords'
£70000 - £80000 per annum: Ashdown Group: Group Head of Marketing and Communic...
Negotiable: Randstad Education Manchester: Level 3 Nursery Nurse required for ...
Negotiable: Randstad Education Manchester: L3 Nursery Nurses urgently required...
Negotiable: Randstad Education Manchester: We have a number of schools based S...