International Energy Agency

Is the U.S. Bullying Europe Into Cutting Ties With Iran?

By Vivienne Walt

Tougher U.S. and European sanctions against Iran might be hitting its economy, leading to fears of looming inflation and cuts in food and gas subsidies. But that doesn't mean the Islamic Republic is out of friends — far from it. Even the U.S.'s close allies in Europe have stopped short of cutting their relations with Iran, allowing it to continue its trade in oil and gas.