Let’s wish Iran’s motorists well, Their country’s dependence on imported gasoline is about to get them in trouble. The Indian company, Reliance, one of five main international wholesale suppliers of gasoline to Iran, has just announced that it will no longer sell its refined oil products to the Islamic Republic.
The other four suppliers are based in Europe – and if European governments wish to truly pressure Iran further they could ask their companies to follow the Indian example. Once that happens, Iran’s economy can be crippled in a matter of weeks. This is the kind of measure President-elect Barack Obama should consider asking his European allies to adopt.