Sanctions won't really alter trade patterns after all

Issue 141 - 01 Jul 1980
The West's much vaunted sanctions against Iran are treated with hilarity in Tehran, even by Western diplomats. At the same time, the Eastern bloc is not taking its place, and the shortage of oil income leaves the government with precious little room to manoeuvre. In fact, the budget which has only just been announced is now acknowledged as redundant.

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