Economic sanctions against iran: Is the third decade a charm

This paper provides background and history of economic sanctions on Iran. Particular attention is paid to the effectiveness of the sanctions and to factors that have mitigated their effectiveness. The United States and other countries have joined in a coalition to impose the sanctions, but it will be difficult to maintain the coalition and get cooperation of nonparticipant countries if there is a major oil price increase. Measures are recommended to reduce this risk and maintain the effectiveness of the sanctions. © National Association for Business Economics.