Monthly Archives: January 2012

Recently the European Union has been building up to the implementation of “crippling” new sanctions against the government of Iran. These new sanctions were finally revealed on January 23 and their primary focus is on limiting Iran’s oil export capability. Despite the strong rhetoric, these sanctions will not truly be effective in the short-term as they bar only new oil contracts with Iran while honoring current contracts until 1 July. Why are we seeing this apparent weakening of the economic hammer against Iran? Why not simply crush Iran into submission and force them into immediate negotiations? The basic answer is that the West is not capable of dealing effectively with Iran right now and needs more time to prepare.