America Sanctions Iranian Central Bank In A Bid To Cripple Doha’s Trade

Trump has now asked the US Treasury Department to sanction the Iranian central bank, adding upto the highest amount of sanctions ever done against any nation.

According to US Treasury Secretary Steven Mnuchin, the central bank was Tehran’s last source of funds that now stands crippled. The White House has communicated that this is America’s way of telling Iran, that misbehavior with allies of the kind that Doha indulged in Saudi Arabia will not do.

Political analysts believe that this could be Trump’s last card in the maximum pressure strategy to avert war. In an economic set-up, crippling Iran’s reserves to support international trade looks like the best thing to do right now.  US has also sanctioned two other financial institutions in Iran and hopes to garner international support before participating nations meet at the forthcoming United Nation’s Annual General Meeting gathering.

With this latest sanction, Trump is hoping to build a stronger case against Iran and the firm-up international coalition to pressure Iran, Last week’s drone attacks on its closest ally seems to have in America’s favour in building up its cause. His Secretary of State, Mike Pompeo has been doing the groundwork, but calling up and visiting US allies much before the United Nation’s meeting.

In the bid to avoid a confrontative war, America is going to send moderate military support to Saudi Arabia as a ‘buttressing’ mechanism to support international commerce and show solidarity towards the Kingdom, stated Secretary of US Defense Mark Esper and Marine Gen. Joe Dunford, the chairman of the Joint Chiefs of Staff, the United States.

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