Michael Parker

“But this is a lever that is sort of unexplored insofar as targeting anything touching the US dollar that is also touching Iran,”

Michael Parker · said date not stated · reported 2026-08-20

Parker said targeting anything tied to the US dollar and Iran remains a largely untapped sanctions lever.

“Thus far, the US has largely used the threat of these secondary sanctions against foreign financial institutions to encourage compliance with sanctions policy,”

Michael Parker · said date not stated · reported 2026-08-20

Parker described how the US has previously used threats of secondary sanctions to pressure compliance.

“Iran's ability to evade or avoid sanctions is, in large part, contingent on other countries and financial institution's willingness to give them [Iran] access to the formal banking system.”

Michael Parker · said date not stated · reported 2026-08-20

Parker said Iran's ability to evade sanctions depends on other countries granting it banking access.

“expand the economic blast radius”

Michael Parker · said date not stated · reported 2026-08-20

Parker said the new strategy aims to widen the reach of sanctions against countries dealing with Iran.

“Some of this is out of Iran's hands,”

Michael Parker · said date not stated · reported 2026-08-20

Parker said the effectiveness of sanctions partly depends on factors beyond Iran's control.