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Impact of oil embargo on Iran's economy

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    KT McFarland assesses tense situation

  • Duration 2:44
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And thank you joining us now Fox News contributor and former assistant secretary of defense under president Ronald Reagan KT McFarland.

-- it's great to see you you know you listen to Leland report.

Are you getting this sense that he -- is getting a little bit desperate with the oil revenues down -- sanctions apparently starting to take a little bit of effect.

Yeah -- sure in midair and better every isn't reacting to the new sanctions have been -- in the last week.

They have already.

Found economic pressure you know that's the value of their dollar -- -- -- -- by 50% consumer prices are up.

And they know that there's another round of these sanctions coming why's it important to them.

Percent of the GMP of Iran is dependent upon oil sales more than 50% of government revenues.

-- -- -- Oil sales and prices so that's why you're seeing them react and they are reacting because they're talking at three different audiences one as -- was and -- They're they're talking the air national audience and the oil audiences say look at there's a conflict here we're going to do something -- -- the price of -- gonna go through the roof.

As a matter of fact the price of Oregon went up today even on a suggestion about.

The second audience are talking -- those international audience saying if you want -- -- about our nuclear weapons this is our negotiating position we're gonna really want something for about.

And then the third audience and probably threw them.

The most important is their domestic audience.

The Iranian people are paying a lot more for their food their consumer -- the Iranian government wants to say to -- -- we've got things under control we've got things managed.

We're gonna feel a little pinch but don't worry about it because that is the real threat.

To the Iranian regime is -- the Iranian people go back out on the streets and have an Arab Spring of their -- Out you know you look at these pictures of the -- missiles Kati and you know we we talk about the threats every day from Iran but you know you fire off one of those missiles and you're talking about the force of not just the United States but several other nations coming down on -- hard.

-- and and and think about what what happened -- I say it has a naval base and Bob rain so if Iran were to retaliate against the United States and Iran.

And then in Israel what are they gonna -- they're gonna attack our frame -- an attack united Arab cameras of the -- protect Turkey these are all places where the US has basis.

Few Iranians don't wanna start a war -- nobody wants a war in the Middle East but they do wanna get the value that they're rats in their rhetoric give them.

Yeah and maybe the truth is that Iran doesn't have nukes won't have nukes and they're really running out of things to negotiate with -- very quickly.

Well now -- are they are definitely organize nuclear weapons program and they're getting closer and closer to it certainly the Israelis feel that our own intelligence -- -- -- -- secretary of defense has talked about it.

-- KT McFarland good to see you thank you very thanks very.

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