The Sanctions Game
Sanctions on Iran are illegal.
by Stephen Lendman
A previous article said that Washington bears full responsibility for imposing illegitimate sanctions on Iran. Other countries are pressured to go along. Doing so harms their own interests.
Heavy-handed US bullying largely gets its way. Rule of law principles and norms are violated. At issue is advancing Washington's imperium.
America's 1977 International Emergency Economic Powers Act (IEEPA) lets presidents claim unusual and/or extraordinary foreign threats, declare a national emergency, and regulate commerce accordingly.
Presidents took full advantage deceptively, unjustifiably, and illegally. Targeting Iran began in November 1979. Iranian assets were lawlessly seized. A full trade embargo followed.
In January 1981, it was lifted under provisions of the Algiers Accords. Most Iranian assets were unblocked. Nonetheless, Iranian Assets Control Regulations remained in effect.