Oil
Some 85 percent of Iranians said international sanctions have hurt their livelihoods, according to a new poll by Gallup World. Half of respondents said they have been hurt “a great deal.” A higher percentage of Iranians said that sanctions had hurt the country overall. Since early 2012…
Iran’s oil exports increased by 180,000 barrels per day in September 2013, according to a new report by the International Energy Agency. Exports were up 26 percent from 2012, probably due to increased purchases by China, India and Japan. Crude oil production, however, was down 100,000…
On September 6, Iran faced new sanctions imposed by the United States as the top European court mandated the lifting of sanctions on key Iranian banks and business. The European Court of Justice criticized the European Union for relying on alleged insufficient or inconclusive…
On September 6, the United States extended Iran sanctions waivers to Japan and 10 E.U. countries for significantly reducing their crude oil purchases from Tehran. Japan’s imports of Iranian oil in June 2013 were down 38.1 percent compared to a year earlier. Washington had already…
Turkish and Iranian interests in the Middle East are increasingly at odds, especially in Syria and Iraq, according to a new report by the Rand Corporation. Turkish energy needs and massive Iranian oil and natural gas resources heightened levels of cooperation between the two countries…
The following are excerpts from a new Congressional Research Service report on Iran sanctions with a link to the full text at the end. Summary Increasingly strict sanctions on Iran—which target primarily Iran’s key energy sector as well as its ability to access the…
On May 31, the United States targeted Iranian petrochemical companies for the first time. It also imposed sanctions on five foreign companies helping Iran evade sanctions on its oil and air industries. The Treasury and the State Department targeted Ferland Company Limited, a Cyprus and…
On May 15, two top officials in the Obama administration claimed U.S. sanctions are having a growing impact on the Iranian economy, the regime’s political calculations and Tehran’s foreign policy. The following are excerpts from the testimony of Under Secretary of the Treasury David S.…
On May 9, the State Department imposed new sanctions on four Iranian companies and one individual for providing “goods, technology, and services that increase Iran’s ability to enrich uranium and/or construct a heavy water” research reactor. U.N. Security Council Resolutions prohibit…
Iran’s oil production dropped 17 percent in 2012, according to a new according to a new report by the U.S. Energy Information Administration. But Iran managed to remain the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries on average. Consumption…