Published Sep 4, 2026, 3:00 PM ET · Updated 2 months ago · 1 source

US sanctions against Iran will be ineffective

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Original Report

US sanctions against Iran will accomplish 'nothing' because countries like China, Russia, and India, which are members of the Shanghai Cooperation Organization and BRICS, will continue trading with Iran using non-dollar payment systems, thereby making US sanctions largely irrelevant and accelerating the global shift away from the dollar in international trade.