Washington’s confrontation with Tehran over oil is unlikely to force a regime change | The Indian Express

Washington’s confrontation with Tehran over oil is unlikely to force a regime change | The Indian Express

Written by Ramin Jahanbegloo |Updated: May 2, 2019 10:38:03 am

The writer is Noor-York Chair in Islamic Studies, York University, Toronto.

Washington’s confrontation with Tehran over oil is unlikely to force a regime change

Iran has no way to impose economic sanctions on the US and its allies in the Middle East. But its militias and proxies can retaliate to any military provocation from the US or Israel.

The US had granted these countries temporary waivers to import Iranian oil when the Trump administration re-imposed sanctions on Tehran in November (Reuters file photo)

US Secretary of State Michael R Pompeo recently announced that the Trump administration was ending all the waivers granted to eight countries including Greece, Italy, India, Japan, China, Turkey and South Korea to wean them away from Iranian oil. The US had granted these countries temporary waivers to import Iranian oil when the Trump administration re-imposed sanctions on Tehran in November.