Sanctions will increase the people of Iran's righteous hatred of America, and strengthen the demagogic regime in Iran. More hatred for America means strengthening the support for leaders, like the current ones, who win elections in a race to the bottom with one hotbutton issue: which candidate hates America more?
Opening trade to the whole Muslim region would be the real solution. At once it would hobble the anti-American demogogic powers in the region, support the people of those nations over the interests of their governments, and lastly, such a move would be part of a real (non-monetary, non-fiscal) solution to the American economic recession.
The Quran itself makes a very clear distinction between infidels who trade with Muslims, and those who refuse. The former are sometimes-friends, the latter, sometimes-enemies. Of course there are greate differences between the Scottish Enlightenment and Islam; nevertheless, numerous passages in the Quran have a striking resemblance to the verbiage of Adam Smith and John Locke in their radical support the natural laws surrounding commercial property and trade. In the linked article, a number of other authoritative Islamic scholars describe the free market in an Islamic context: Islam: A Free Market Religion
Economic sanctions, perhaps most often compared to those against South African Apartheid, cannot work on Muslim nations and will only serve as a paving stone the road to war and serfdom.

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