The Legitimacy of Economic Sanctions against Islamic Republic of Iran in the Light of International Economic Law: Legal Effects and Economics Consequences

Abstract

In contemporary international law, sanction is a tool for resolving disputes and attaining special political purposes which frequently reflects the dissatisfaction of powerful members of Security Council. Embargo has been regarded as a means of bringing force and coercion for developing the states' foreign policy and its legal effects are amongst the most controversial and ambiguous issues in international relations. In light of principle governing international laws, imposed unilateral and multilateral embargo by international organizations and superpowers against Iran is illegitimate measure with an objective to modify Iran's political behavior. The current study using UN charter provision and principles governing economic sanctions in the light of the international economic law made an attempt to investigate and elaborate on legitimacy and illegitimacy of imposed economic embargo against Iran. Hence, the existing study, in the first stage, pursues answering the following questions: how the applied embargo from UN Security Council and also unilateral embargo by U.S under principles governing international law can be explained? And what are the effects and consequences on various economic sectors and Iran's foreign policy behavior? Ultimately, the last part shed light on nuclear agreement between Iran and 5+1, easing sanction and its effect and consequences on Iran's trade and economic sectors.

DOI: 10.5901/mjss.2016.v7n3s3p60