The United States’ intent is to apply “maximum pressure” on Iran by depriving it of $50 billion of annual revenues. Supreme Leader Ayatollah Ali Khamenei speaks at a meeting in Tehran, Iran, Wednesday, April 24, 2019. (Office of the Iranian Supreme Leader via AP) The United States has announced its intention to end all previous waivers for imports of Iranian oil. Greece, Italy, Japan, South Korea, Taiwan, China, India and Turkey, which had received waivers in November, will have to do without Iran’s oil by May 1 if they do not want to face US sanctions. Iraq will not be able to import Iranian gas or electricity after the end of June. The United States’ intent is to apply “maximum pressure” on Iran by depriving it of $50 billion of annual revenues. The new restrictions will only add to its woes. Despite Tehran’s claims, the sanctions will bite. The […]