U.S. Bets New Oil Sanctions Will Change Iran’s Tune -- New York Times
WASHINGTON — After three and a half years of attempting to halt Iran’s nuclear program with diplomacy, sanctions and sabotage, the Obama administration and its allies are imposing sweeping new sanctions that are meant to cut the country off from the global oil market. Many experts regard it as the best hope for forcing Iran to change its course.
On Sunday, the European Union is putting in place a complete embargo of oil imports from Iran, which was the Continent’s sixth-biggest supplier of crude in 2011.
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My Comment: It takes years for sanctions to have an impact .... and in Iran's case .... Persian pride and an unwillingness of Iran's leadership to listen to international opinion will probably mean hardship and 'tough times' for a majority of Iranians for a very long time.
Update: Iran's food costs soar and unemployment spirals as nuclear sanctions begin to bite -- The Telegraph
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