Last week, Pakistan announced that it will not comply with the latest sanctions the United States imposed on Iran and will continue trading with its neighbour. The news came just days after China made a similar statement.

The sanctions announced by US Treasury Secretary Scott Bessent on August 24 under “Operation Economic Outcast “ are supposed to be “the toughest sanctions in history” designed to impose “the greatest coordinated economic isolation in the history of the world”.

Earlier, President Donald Trump called it in a social media post “ECONOMIC D-DAY.” He promised “tremendous economic consequences” for any nation that extended Iran “any type of lifeline”.

Six months of US bombing and naval blockade have produced no US victory, so the plan now is to starve Iran into capitulation. The new approach is illegal, cruel and will fail for several reasons.

To begin with, there is the historical record. Economic sanctions do not bring down governments determined to survive them. Yes, sanctions can impoverish populations, empower the security services that control smuggling and hand the targeted nation a rallying point built on US malice. But they do not topple governments.

Consider, as well, the basic arithmetic of the world oil market.........

© Al Jazeera