Word: fors
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Dates: during 1970-1979
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There is considerable skepticism, however, even in the U.S. Government, that economic retaliation of any kind will provide enough pressure on Iran to force the hostages' release. Confides a Government economist: "There may be a lot of wishful thinking by the Administration on this. Businessmen are very resourceful. Wherever...
Iran is beginning to find some ways around the economic measures taken against it by the U.S. The biggest difficulty has been surmounting the international banking tangle caused by Carter's order last month freezing more than $8 billion in Iranian assets held by U.S. banks. Because of it...
This income has helped Iran partly offset a de facto trade embargo imposed by U.S. longshoremen, who have refused to load cargoes on ships headed for Iran. U.S. exports to Iran in 1978 totaled about $3.7 billion a year and included 25% of Iran's food imports and most...
Quite the contrary, say skeptical U.S. Government economists and Western experts in Tehran. Iran has found more than enough alternative sources of food; for example, the Australian government supports the U.S. on the hostages but has continued its exports of meat and wheat to Iran, which this year will total...
Even if the Carter Administration could find ways of making sanctions against Iran stick, they would have little effect over the short run. Concludes Harald Malmgren, a respected international economist and consultant in Washington: "The U.S. near term leverage is simply less than it appears. No matter what the U.S...