Jonathan Schanzer, Executive Director of the Foundation for Defense of Democracies, evaluates the Treasury's initial tranches of secondary sanctions targeting entities trading with Iran, including firms in China and the UAE. Although these measures stop s

Jonathan Schanzer, Executive Director of the Foundation for Defense of Democracies, evaluates the Treasury's initial tranches of secondary sanctions targeting entities trading with Iran, including firms in China and the UAE. Although these measures stop short of targeting major Chinese banks, they provide President Trump with leverage ahead of his Washington summit with Xi Jinping. Within the Middle East, Schanzer warns that regional powers are hedging their bets. Saudi Arabia may be negotiating a separate peace with the Houthis and Iran, which could undermine US sanctions. Additionally, the US controversially rescinded Syria's state sponsor of terror status following the rapid rise of former al-Qaeda commander Ahmed al-Shara. (2)