The Perilous Game of Economic War in Iran The latest salvo in the economic war between the United States and Iran has been fired by Treasury Secretary Steven Mnuchin, who unveiled a new campaign of sanctions aimed at crippling the Iranian economy.
This attempt to apply pressure on Tehran is unlikely to yield the desired results, given the US's history of imposing new sanctions only to see them largely circumvented by Iran's resourceful leaders.
China's response to the latest threat, warning of measures to protect its interests, should be a major concern for Washington.