The effort to take Iran’s 2.6 million barrels of oil per day off international markets has kept global prices high, pushed down Iran’s rial currency and is causing a surge in the cost of basic goods for Iranians…In addition to the oil embargo, the EU measures are also expected to include sanctions against the Iranian central bank and a ban on trading in gold with the government, diplomats said.
Our correspondent said the impact of the sanctions would be felt by ordinary Iranians as it will increase the price of the US dollar vis-a-vis the Iranian rial, she said, noting that the dollar rose by about 10 cents following the EU sanctions announcement on Monday.
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EU approves Iranian Oil Ban - Jazeera
So wait a moment. More profit for Western oil companies. Death and starvtion for the Iranian people (and profits for anyone foreign middlemen selling to them), and a ban on hard currency ownership for the Iranian Bank. Meaning greater western Imperialist control.
Surprise! Global capitalism strikes again, under the tired old banner of “fighting terror.” I would encourage anyone who thinks the US can be trusted to fight terrorism to research history. Cubana flight 455 would be a good starting point.
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