Courtesy: The Economic Times
“Economic D-Day”, recently announced by the U.S. Trump administration, will put additional sanctions on any party which facilitates any activity with Iran. India, Iraq, Turkey, and the UAE could be affected. But ironically China, the biggest supporter of Iran’s regime, may be off the hook given the deep mutual over-reliance with the U.S. and the risk that further sanctions on China could put the global financial system in jeopardy.
Courtesy: Indian Express
On January 20, when the U.S. gets a new president, he will face a world of changed alliances. China at the high table and newly aligned with Russia, which is separated from its European cousins, two wars and a G2-leaning global economy. Will Donald Trump revert to the days of ‘détente’ or continue the ‘neocon’ policies in vogue, to maintain U.S. hegemony?
Courtesy: U.S. Department of State/ Flickr
Scrapping the JCPOA will badly bruise Iran’s economy, citizens and foreign relations; it will have an impact on the U.S.’ allies too