Parsi: New Iran sanctions may spell death of the JCPOA | Responsible Statecraft

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Analysis | Middle East

According to the state department on Wednesday, Washington is slapping new sanctions on Iran’s petroleum and petrochemical producers, along with Hong Kong and Emirati companies accused of selling the oil on East Asia markets in violation of existing embargoes.

In a tweet, Secretary of State Antony Blinken said that “absent a commitment from Iran to return to the JCPOA, an outcome we continue to pursue, we will keep using our authorities to target Iran's exports of energy products.”
But is this really the best way to get back into a deal that Washington was the first to leave, and for which talks have been on thin ice and time is ticking away? Quincy Institute's Trita Parsi, author of “Losing an Enemy: Obama, Iran and the Triumph of Diplomacy,” weighs in.

Analysis | Middle East

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Top image credit: www.youtube.com/@aljazeeraenglish

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This article has been updated as story develops.

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For years now, the United States has justifiably wanted its allies to pick up a bigger share of the burden of their own defense.

But as America now asks its partners to boost military spending to 5% of GDP, the sheer scale of these demands — especially on allies in East Asia — could push yields higher on U.S. Treasury bonds at a time when they are already under pressure by skeptical global bond investors and ratings agencies.

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