Stratfor’s George Friedman on gasoline sanctions:
No one expects Russia or China (or even many of the European states) to fully comply with a sanctions regime on gasoline. Even if they did, no one expects the flow of gasoline to be decisively cut off. There will be too many people prepared to take the risk of smuggling gasoline to Iran for that to happen. Even if the U.S. blockaded Iranian ports, the Caucasus and Central Asia are far too disorderly and the monetary rewards of smuggling are too great of an incentive to make the gasoline sanctions effective. Additionally, the imposition of sanctions will both rally the population to the regime as well as provide justification for an intense crackdown. The probability of sanctions forcing policy changes or regime change in Iran is slim.
You can read the entire article here.
– Ben Katcher