Nation: Not Much Left to Seize

In business terms, both sides have fired their big guns: oil cutoff, attempted bank withdrawal, asset freeze. What further economic weapons can the U.S. use against Iran—and vice versa?

The obvious U.S. tactic might be to embargo food exports to Iran, which amounted to nearly $500 million in the fiscal year ended last September. The American Farm Bureau Federation would support President Carter if he should cut off grain shipments, as he could do under the International Emergency Economic Powers Act. Cries of "Food for crude!" are starting to be heard. The White House, however, has no present intention of halting food...