Trump’s threat of economic punishment against countries aiding Iran echoes a long history of ineffective U.S. sanctions, which often create unintended consequences like black markets and harm American businesses. Despite existing restrictions, Iranian oil exports persisted at barrels per day in 2023, demonstrating the limitations of such measures to achieve policy shifts in Tehran. These pronouncements obscure a past where the U.S. was once Iran’s top trade partner, raising…
Wednesday, August 19
The Brief
Donald Trump threatened economic punishment against any country assisting Iran, a reiteration of past U.S. sanctions strategies. In Nigeria, Bola Tinubu’s campaign for president begins amid tests to his reform agenda, drawing parallels to the economically fraught 1983 election cycle. The International Criminal Court condemned United States sanctions imposed on its personnel as an attack on international legal institutions.