Secretary of State Mike Pompeo previously warned of “swift punishment” for countries doing business with Iran, thus INSTEX is seen as a first small step toward greater European economic independence.
The U.S. is going for the jugular with new Iran sanctions intended to punish those who trade with Teheran. But the U.S. may have a fight on its hands in a possible post- WWII turning-point .
The next step in the Trump administration’s “maximum pressure” campaign against Iran comes this Sunday, Nov. 4, when the most severe sanctions will be imposed on the Islamic Republic. Crucially, they apply not only to Iran but to anyone who continues to do business with it. It’s not yet clear how disruptive this move will be. While the U.S.