Iran-Pakistan Pipeline Suspension Could Backfire For The U.S.

America’s economic siege of Iran has been costly for Tehran’s neighbors, and now it is Pakistan’s turn to pick up the tab. On 7 August, Pakistan announced it was suspending its natural gas pipeline project in Iran under threat of U.S. sanctions, and issued a Force Majeure and Excusing Event notice to Iran under the Gas Sales and Purchase Agreement (GSPA) and suggested the matter be settled by arbitration. In response, Iran rejected Pakistan’s force majeure notice and granted a ten-year…