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Politics

Trump’s ‘Economic D-Day’ Against Iran Faces Steep Odds

“Last week, the Trump administration unveiled what it billed as an ‘Economic D-Day’ aimed at forcing Iran to reopen the Strait of Hormuz and return to the negotiating table,” the Wall Street Journal reports. “But the experience of Western sanctions and economic pressure on autocracies such as Cuba, North Korea, Venezuela and Syria shows the […]

“Last week, the Trump administration unveiled what it billed as an ‘Economic D-Day’ aimed at forcing Iran to reopen the Strait of Hormuz and return to the negotiating table,” the Wall Street Journal reports.

“But the experience of Western sanctions and economic pressure on autocracies such as Cuba, North Korea, Venezuela and Syria shows the challenges facing Washington in trying to bend Tehran to its will. Indeed, the strongmen ruling such countries have historically used a mix of violence, economic adaptation and political suppression that enables them to withstand economic pain for years, if not decades.”

“Autocratic countries adapt in various ways. Sanctions typically push activity underground, creating flourishing black markets for goods, services and even people. Dictators also use outside pressure to rally their populations, especially among elites.”

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