Nov 13, 2018 – US National Security Advisor John Bolton has threatened to “squeeze” Iran’s economy “until the pips squeak,” just one week after Washington imposed a new round of crippling sanctions billed as the “toughest ever.”
Speaking ahead of the ASEAN-US summit in Singapore, Bolton said that the Iranian government is already under “real pressure” and that the US would “significantly increase” the enforcement of sanctions.
It is our intention to squeeze them very hard. As the British say: ‘Squeeze them until the pips squeak’.
Bolton said there was “no doubt” that Iran has already begun looking for ways to evade sanctions, which hit the country’s oil, financial, shipping, nuclear and aviation industries. He added that Tehran would be looking for ways around sanctions on the oil and financial markets in particular, noting that the US’s objective has been to “get oil exports from Iran down to zero.”
In May, US President Donald Trump decided to withdraw the US from the 2015 multinational nuclear deal with Iran, despite objections from its European signatories who remain committed to the agreement.
Since then, all of the sanctions which were lifted under the terms of the deal have been reimposed. The harsh measures are expected to push the Iranian economy into recession this year, according to an outlook report from the International Monetary Fund this week.