Report:
# of Pages:
Iran Sanctions The principal objective of international sanctions—to compel Iran to verifiably confine its nuclear program to purely peaceful uses—has not produced that outcome to date. Since late 2011, a broad international coalition has imposed progressively strict economic sanctions on Iran’s oil export lifeline, producing increasingly severe effects on Iran’s economy. Many judge that Iran might soon decide it needs a nuclear compromise to produce an easing of sanctions, because the energy sector provides about 70% of Iran’s government revenues. Iran’s worsening economic situation is caused by: • A European Union embargo on purchases of Iranian crude oil that took full effect on July 1, 2012.