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Iran Sanctions Broad international sanctions imposed on Iran during 2010-2013 harmed Iran’s economy and contributed to Iran’s acceptance of agreements that exchange constraints on its nuclear program for sanctions relief. The sanctions and related diplomatic pressure, at least in part, caused or contributed to the following: Iran’s crude oil exports to fall from about 2.5 million barrels per day (mbd) in 2011 to about 1.1 mbd by mid-2013. The effect of that export volume reduction has been further compounded by a fall in oil prices since mid-2014. Iran’s economy to shrink by about 10% in the two years that ended in March 2014.