Quotes from the news wire:
I would expect we would see more, the conventional wisdom out there that we've pretty much exhausted all the sanctions we can impose on Iran is completely false. There are many, many more things that can be done and there are many more actions in Treasury's pipeline. ... We may be at seven on the sanctions dial and maximum pressure requires an 11.
The removal of Iran's central bank from Swift along with other Iranian banks implicated in terrorism, nuclear and missile proliferation, as well human rights abuses will cut the regime's access to the global financial system, this will reduce their options to barter trade or sanctions busting. Treasury however has left open humanitarian channels that the regime should use to deliver food, medicine and other goods to the Iranian people.
I think there's a greater likelihood than not that President Trump is going to reject a fix, but if Macron comes to the table with a good deal... President Trump will be able to claim President Trump fixed [ President Barack ] Obama's fatally flawed agreement and check that box and move on to use other levers of national power against Iran.
What happened with the sailors, to me, is an indication that the Revolutionary Guards are sending a message to Obama and to Rouhani that they are in charge, the deal may have been negotiated with Rouhani and Zarif, but it will be the Revolutionary Guards who will dictate the terms and dictate the implementation.
From a public policy perspective, the Iranian government needs to be punished for its support of past acts of terrorism, governments need to know that if they are going to conduct terrorist activities, they will pay for that terrorism through the imposition of billions of dollars in judgments and in penalties.
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