The Global Cost of Crippling Iran We were wondering how long its going to take for the “crippling sanctions” imposed upon Iran to break them. As the US and the Israelis mount one challenge after another against Iran to bring them into compliance, the rest of the world’s community will pay a significant price in the way of global uncertainty, higher energy cost, as well as international trade interruptions and inconveniences. 

Considering the Iranians appear to have the upper hand in the public opinion war, it should also be time to asked how much is this “crippling sanction” strategy costing the entire world to maintain? India, who’ve already made the decision to continue oil purchases from Iran has found themselves having trouble getting insurance for their tankers to transport said oil. South Korean and Taiwanese shipowners are in a similar circumstance. 

All effected, are seeking coverage from Chinese carriers among a few others still willing to grab that business. The Europeans who normally handle that risk market will forgo those hefty premiums to honor the embargo of business against Iran. Again, more private industry losing money to placate US/Israeli efforts to crush the Iranian economy. One can only hope, the Iranians don’t turn out to be as tough as the Cubans, as there is no way in hell the world can withstand years of an international boycott of a nation that pumps one fifth of the globe’s oil supply. 

Once we go down that road, the next logical leap is to wonder how long will the international community stay onboard considering each participating nation has varying degrees of concern over the treat of a nuclear armed Iran. With the international economic condition of the West near critical, how much time will it give the US and Israel before they are forced to act militarily. 

Based upon Iran’s recent overtures of willingness for dialog and their acceptance of interacting with IAEA inspectors, those pushing for a showdown may face a lot of folks at the pump wondering if there might be a less costly means of dealing with this issues. While the Chinese, Russians, Turks and the Indians may have their internal motives for finding another path to resolving this conflict, they are clearly placing economic considerations and a free flow of international trade as a priority in all deliberations. 

We think they may have the more convincing argument than the archaic methods of isolation and threats of military engagement the US and Israelis are currently wedded to. The Global cost of Crippling Iran