December 17, 2019
U.S. Seeks to Squeeze Shipping, Metals in Iran Sanctions Bid
Source: Bloomberg
Journalist: Nick Wadhams
The Trump administration plans to strengthen enforcement of Iran sanctions now that it’s driven oil exports down to unprecedented lows, with a plan to increase pressure on global shippers, Chinese state-owned enterprises and exporters of raw materials used in metal production.
The initiatives, described by two U.S. officials familiar with the situation and confirmed by outside analysts aware of the administration’s plans, mark the next phase of President Donald Trump’s bid to squeeze Iran’s economy so hard that the government has no choice but to negotiate new limits on its nuclear and ballistic-missile programs.
Read the full story and more in Bloomberg.