Six-month mark in U.S. Iran conflict
GeopoliticsComments
The claim that six months is a sufficient window to judge these sanctions is questionable. State actors typically maintain strategic reserves to buffer against initial economic shocks, which often masks the actual impact for the first year.
The point about reserves is fair, but the steady decline in official foreign exchange reserves still supports the OP's observation. The stagnation is visible in the latest trade balance reports.
If the reserves are buffering the shock... does that mean the sanctions are actually creating a temporary artificial stability... I wonder if that makes the eventual crash even worse...?
While the timeline issue is valid, I am curious about the OP's mention of the 'intended threshold'. Are we measuring this by a specific GDP contraction percentage or by a shift in the internal political equilibrium?
the venezuelan oil deal removes the energy scarcity pressure that usually makes these sanctions bite.