Trump’s Iran sanctions prove the establishment wrong — again

When President Trump withdrew the United States from the Iran nuclear deal back in May, the foreign-policy establishment was unanimous in its opposition.
Their dismay was rooted in loyalty to Barack Obama’s legacy and personal contempt for Trump. But there was at least one point the critics made that seemed irrefutable, in warning against the re-imposition of US sanctions on Iran’s oil exports.
Trump’s unilateral move would certainly fail because of the interest of America’s European allies as well as the Russians and Chinese in continuing to do business with Iran. But if by some chance it worked, the experts were sure that would result in a severe hike in oil prices that American consumers would feel at the gas pump.
Read more…








