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United Nations Security Council Places New Sanctions on Iran

A victory for the Obama administration: As expected, the United Nations Security Council just voted to place new economic sanctions on Iran. Months of doubt

Jul 31, 2020
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A victory for the Obama administration: As expected, the United Nations Security Council just voted to place new economic sanctions on Iran. Months of doubt about China’s stance were answered by the Chinese “yes” vote for the package — not just an abstention — along with affirmative votes from the other permanent members of the council. Opposing the measure were Brazil and Turkey, with Lebanon abstaining. Secretary Clinton indeed had her whip count right.
This will not be the last effort at sanctioning Iran. U.S. and European officials have talked for monthsabout pivoting off a successful Security Council vote to cobble together a coalition of major Iranian trading partners to tighten the economic screws on the Iranian leadership. Those include the United Arab Emirates, South Korea, Japan, the European Union, China and Russia. But expect conservative voices to continue a push for a total oil embargo on Iran, as a congressional measure to impose additional gas sanctionswas deferred for the vote.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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