Trump Launches New Iran Sanctions Targeting Oil Network

Above: The Iranian national flag in Bandar Abbas on Jan. 9, 2019. Image copyright: Ali Mohammadi/Contributor/Bloomberg via Getty Images

The Facts

  • The United States Treasury Department has imposed new sanctions targeting Iran's oil network, affecting firms, ships, and individuals in multiple jurisdictions including China, India, and the United Arab Emirates.

  • The sanctions specifically target three vessels — the CH Billion, Gioiosa, and Star Forest, which were allegedly involved in transporting Iranian oil to China.

  • The action follows Trump's executive order signed earlier this week, which aims to revive his maximum-pressure campaign against Iran and drive the country's oil exports to zero. 


The Spin

Pro-establishment narrative

The sanctions are necessary to prevent Iran from funding dangerous activities and destabilizing the region. Tehran continues to develop nuclear capabilities and support proxy groups through illicit oil sales. These measures protect international security by targeting Iran's primary source of revenue.


Establishment-critical narrative

The sanctions represent economic piracy against a sovereign nation's legitimate oil trade. The pressure campaign has only pushed Iran to increase uranium enrichment in response to US actions. The measures harm ordinary Iranian citizens while failing to achieve their stated diplomatic goals.



Metaculus Prediction




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Establishment split

CRITICAL

PRO