Iran has no nukes.
Repeat: Iran has no nukes.
According to Reuters, the United States, European allies and even Israel generally agree on three things about Iran's nuclear program: Tehran does not have a bomb, has not decided to build one, and is probably years away from having a deliverable nuclear warhead.
Further, Reuters reports:
Current and former U.S. officials say they are confident that Iran has no secret uranium-enrichment site outside the purview of U.N. nuclear inspections. They also have confidence that any Iranian move toward building a functional nuclear weapon would be detected long before a bomb was made.
So why the sanctions against Iran's oil industry? It would seem the US empire is on a path to smash itself.
Sanctions drive up oil prices, hurting global economy. In the current global economic circumstances, countries cannot afford to engage in self-destructive actions.
China and India have already signaled opposition to tighter sanctions. Due to the severance of Iran from the global banking and SWIFT wire transfer system, any Iranian oil being purchased will not first go through global market exchange. Other currencies or gold will have to be used for trading with Iran. More than anything else, the dollar monopoly on oil exchanges has kept the US dollar as the world’s reserve currency and now that monopoly is quickly coming to an end. US has granted waivers to ten EU states and Japan, but not to South Korea, and those countries will not be able to use the US dollar for buying Iran's oil. So the US inflicted a wound on itself, to accomplish nothing. If more nations ignore the US-ordained sanctions against Iran and continue to import Iranian oil, they will have to dodge the US petrodollar monopoly by using gold, further damaging US-directed sanctions, and that could mark the end of the US dollar as the global reserve currency.
One line of argument is that sanctions are imposed to placate the regime controlling the State of Israel and persuade them not to launch a military strike.
Wise leaders in the US, if there are any who are not traitors, should cancel any sanctions that are going to bring disaster to US status in the world.
As for the regime in the State of Israel . . . if they do something so stupid as to launch an attack on Iran, that's their problem . . . and they can burn in the retaliatory fire.