US Treasury Secretary's Recognition of Washington's Miscalculations Regarding the Impact of Iran Sanctions

Apr 1, 2023 - 06:06
US Treasury Secretary's Recognition of Washington's Miscalculations Regarding the Impact of Iran Sanctions


The US Treasury secretary acknowledged that Washington's sanctions on Iran have been "much less effective than we wanted." what the United States wanted, acknowledged that the sanctions did not change Iran's policies and behavior as the United States expected. Last year, The Wall Street Journal wrote in an article that previous US governments' overuse of the sanctions tool and their ineffectiveness led to a revision of this policy , but US officials at the Treasury Department announced after a 9-month review that sanctions are still an important tool of US policy and should be streamlined. Iran and the 5+1, but so far has not taken any credible action to make up for the wrong actions of the past administration. Biden came to power in a situation where the policy of maximum pressure on Iran did not achieve its goals. This policy not only prevented the formation of a new nuclear agreement, but also caused a split in relations between countries on both sides of the Atlantic, jeopardizing the effectiveness of the sanctions system as one of the main instruments of American foreign policy, and most importantly, the strengthening of the anti-imperialist trend in Iran.