Crippling Iran sanctions around the corner, but what will EU do?
A campaign of maximum pressure is now heating up, six months after President Trump said we’re out. But this next round, set to be imposed on Sunday Nov. 4, is designed to hit Iran where will hurt the most - its oil and energy industry. “These series of sanctions were designed to punish Iran without using bullets and bombs but going to the heart of their economy,” said Mark Wallace, a former Ambassador to the United Nations and now CEO of United Against a Nuclear Iran (UANI). In an interview last week, Wallace said any money that flow into Iran almost always winds up in the hands of the wrong people. "The Europeans should stand on principle, sound policy and say that it’s untenable to keep business options open when you have a country like Iran committing planned terror attacks on your soil,” Wallace said.