President Trump promised new sanctions against Iran on Monday, in addition to what was already a crippling "maximum pressure campaign", and MP Mike Turner, R-Ohio, discussed how bad it was for the Islamic economy Nation could become.
Turner said that the impending sanctions could hit the "heart" of the Iranian economic system, with existing sanctions likely to have serious repercussions.
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"The Iranian economy is already suffering from the sanctions previously imposed as part of the campaign for maximum pressure," Turner host Maria Bartiromo said Sunday morning. "The International Monetary Fund indicates that the Iranian economy is expected to shrink by six percent this year."
Regarding the new sanctions Trump is likely to impose on Monday, Turner said they could probably target Iran's oil exports. That is the real engine of the Iranian economy.
Turner then addressed whether the US would have the support of European countries still buying oil from Iran, Turner pointed out that ongoing oil sales came only on the basis of sanctions exceptions, said Foreign Minister Mike Pompeo that they will be closed, thereby exacerbating existing sanctions.
"The United States' ability to impose sanctions is truly omnipresent, and that's why you have such a huge impact on the current Iranian economy "Turner said," The Europeans do not really have the ability to avoid it. They have already announced how this affects their ability to do business with Iran. "
Turner said that Iran could face even more sanctions from European countries themselves if they take the vow to subvert their uranium enrichment Violation of the Iranian nuclear agreement While the US withdrew from the deal, the European nations that joined it are still involved.
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"Of course, this is a goal to bring to the table so that we can renegotiate the nuclear deal, make it permanent and can ensure that Iran never becomes a nuclear power, "he said.
The Iranian response to the sanctions was up an escalation of threatening behavior. After an attack on two oil tankers in the Strait of Hormuz, for which Iran refused the responsibility, Iran shot down an unmanned US drone in international airspace in the same area.
Trump has been reluctant and resisted the strike calls back. Vice President Pence said on Sunday that "while the US is maintaining its diplomatic approach, all options remain on the table".