Stability in the Gulf region and the US-Iran relations have continuously worsened in the recent years. Even though, many countries hold US sanctions responsible, the financial support by the local governments to militant networks is at fault as much the imposed sanctions.
In an attempt to curb the financial support to Iran’s military organization and Iran-supported Hezbollah, a radical organization, the US and its six Gulf allies have imposed sanctions on 25 corporations, banks and individuals.
The US government has justified its actions by reasoning that these groups are designated as terrorist organization, so it is crucial to curtail their further growth and the support they have amassed despite clear stance on these organizations. The recently imposed sanctions were designed by Terrorist Financing Targeting Center, which is headed by the US and Saudi Arabia.
Moreover, the recent sanctions have come in the light of accusations by many countries for providing training, weapons and asylum, and financing militant networks such as Hezbollah, Hamas, Islamic Jihad and the Popular Front for the Liberation of Palestine-General Command.
Countries, which joined the imposed US sanctions on Iran, include many of the developing nations that aim to establish stability in the Gulf region. The announcement came from the Treasury Secretary, Steven Mnuchin, during his trip to Gulf region calling for joint effort to impose sanctions on Iran.
Speaking with the reporters in Riyadh, Mnuchin on imposing sanctions said, “We are proud to join forces with our TFTC partners to expose and condemn the Iranian regime’s gross and repeated violations of international norms, from attacking critical oil infrastructure in Saudi Arabia to fomenting strife in neighboring countries through regional proxies such as Hizballah.”
“The president couldn’t be more clear that we are executing a maximum pressure campaign on Iran. This is about stopping a bad actor,” he added.
On the other hand, there are reports that the imposed US sanctions might limit the imports of various life-saving drugs and affect Iran’s healthcare system, aside from restricting the support to militant networks.
And if those speculations have any base, then the US administration should devise methods to ensure that the common public of the Gulf region is not left stranded to fight any disease without the support of drugs.
Moreover, the collaboration of Gulf rivals with the US against terrorism does indicate that stability can be achieved in the Gulf region in the near future.