Strait Talking: 'Iran sanctions backfire on recession-hit West'
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Iran is under increasing pressure from Western countries, which believe it might be developing a nuclear weapon. France is pushing for stricter sanctions against Iran and has urged EU countries to follow the US in freezing Iranian central bank assets and imposing an embargo on oil exports.
Ali Rizk, expert on Middle Eastern affairs, talks to RT, suggesting both the US and Europe are currently witnessing a very dire economic situation and this latest step taken against Iran will only set the precedent for increasing economic problems.