Time and time again, history has proven that third-world economies have no bottom, no matter the amount or severity of sanctions. So long as China and Russia keep backing the Iranian regime, and as long as energy resources are in high demand world-wide, they will likely never be stopped without resorting to war.
WASHINGTON — The United States has determined that the Islamic
Revolutionary Guard Corps was directing Iran’s state-owned oil sector.
The U.S. Treasury Departrment said the state-owned National Iranian Oil Co. was controlled by IRGC, which was helping the firm bypass international sanctions on Teheran’s energy sector.
Treasury said IRGC was increasing its control over National Iranian Oil as the elite military sought clients for Iran’s sanctioned crude oil exports.
“Under the current Iranian regime, the IRGC’s influence has grown within NIOC,” Treasury said on Sept. 24.
Full article: Iran’s elite commando force running oil sector, bypassing sanctions (World Tribune)