"Black Monday": Iranian Analysts Explain Why US Sanctions Unlikely to Succeed | WHAT REALLY HAPPENED


"Black Monday": Iranian Analysts Explain Why US Sanctions Unlikely to Succeed

On Monday, November 5th, the new US sanctions against Iran take effect. Sputnik discussed the sanctions' implications for Tehran with Iranian economic experts.

Seyyed Saeed Mirtorabi Hosseini, an Iranian oil and gas analyst from Kharazmi University, told Sputnik that the United States will won't able to achieve its goals and bring Iranian oil export to a complete halt since the main importers of Iranian "black gold" have stated that they will continue cooperation with Iran:

"As for oil, the United States has already taken the first steps, held talks with some importers of Iranian oil and tried to make these countries either reduce or stop buying oil from Iran. However, the reality is that the United States will not be able to reduce the sales of Iranian oil to zero, since India, China, Japan and a number of European countries made it clear that they are not going to stop buying oil from Iran. China has not reduced purchases, only Japan has reduced imports of Iranian oil, but then Japan still hasn't made up its mind."

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