The New York Times noted Monday that one reason the United States successfully stared down the Iranian regime last week was that President Donald Trump’s renewed economic sanctions have made the cost of war too high for Iran to bear.
In an analysis published Monday, titled “Iran’s Grim Economy Limits Its Willingness to Confront the U.S.,” the Times explained:
Crippling sanctions imposed by the Trump administration have severed Iran’s access to international markets, decimating the economy, which is now contracting at an alarming 9.5 percent annual rate, the International Monetary Fund estimated. Oil exports were effectively zero in December, according to Oxford Economics, as the sanctions have prevented sales, even though smugglers have transported unknown volumes.
The bleak economy appears to be tempering the willingness of Iran to escalate hostilities with the United States, its leaders cognizant that war could profoundly worsen national fortunes. In recent months, public anger over