© Reuters / Umit Bektas
The deadline for implementation of US sanctions on Iran is just days away, and the Trump administration is having second thoughts about how hard to press the Islamic Republic.
More accurately, there seems to be disagreement from within the Trump administration. According to
the Wall Street Journal, Secretary of Treasury Steven Mnuchin is leaning towards a more cautious approach, which would mean refraining from punishing the European Union for its efforts at keeping business ties alive with Tehran.
One of the key issues is the use of SWIFT, a financial-messaging service that is critical to global finance. SWIFT helps process international financial payments, and the cooperation of SWIFT during the prior round of Iran sanctions between 2012 and 2016 was critical in isolating Tehran.
This time around,
Europe is resisting the US' "maximum pressure" campaign. The EU is forbidding European companies from complying with US sanctions, although the measure is mostly toothless.
Nevertheless, top officials from within the Trump administration are at odds over how far to go. "Our objective is to make sure that financial institutions do not process sanctioned transactions," Mnuchin told the WSJ last week. The Treasury Department is "having very specific discussions with SWIFT," Mnuchin said, before adding that "I will use all the tools in my power to make sure that sanctioned transactions do not occur."
Comment: Mattis' "vacuum" that he is so worried about is actually Syria reclaiming the territory that rightfully belongs to the country. By propping up the Kurdish SDF in their sham offensive against a miniscule pocket of ISIS in southeastern Deir Ezzor, the US maintains control of Syria's richest oil and gas fields. Which was always the point, with the added bonus of having a strategic drop on Iran.