March 21, 2026 | Insight
Funding the Enemy: Trump Rolls Back Sanctions on Iran Without Any Guardrails
March 21, 2026 | Insight
Funding the Enemy: Trump Rolls Back Sanctions on Iran Without Any Guardrails
On the evening of March 20, the Trump administration issued Iran General License U (GL U), a one-month authorization for the sale of what Treasury Secretary Scott Bessent says will be approximatel...
The GL U maneuver represents a calculated gamble, exploiting a known vulnerability in the U.S. sanctions regime – the enforcement complexity of controlling globally dispersed oil flows. The framing isn’t simply about “addressing supply”; it’s a move to destabilize the coalition supporting tighter sanctions against Iran, specifically signaling to China that the U.S. lacks the capacity or will to truly enforce its global economic leverage. The initial denial from Ghodousi, a classic “motte-and-bai...
