By Micah Halpern
I've Been Thinking:
The newest US sanctions on Iran kicked in today.
These sanctions involve the energy sector.
Countries and companies around the world are biting their nails waiting to see what happens now between the United States and Iran.
For an indication, here's what Iranian President Rouhani said: "We are in a situation of war. We are in the economic war situation. We are confronting a bullying enemy. We have to stand to win."
Iran is assuming the position of victim of an evil aggressor. They are portraying the United States as an enemy and they are speaking in terms of war - economic war as well as real war.
Rouhani cranked up the rhetoric when he compared US President Donald Trump to Saddam Hussein of Iraq, one of world's most vicious dictators and the arch enemy of Iran. He said: "Yesterday, Saddam was in front of us, today Trump is front of us. There is no difference. We must resist and win."
Positions have been set.
The United States made the first move.
How will Iran counter?
Micah@MicahHalpern.com
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