Oil

            In 2012, Iran’s oil exports dropped to their lowest level since 1986, according to a new report by the U.S. Energy Information Administration. Exports declined 39 percent between from 2011 to 2012 alone due to tightened U.S. and E.U. sanctions. Production of crude oil and condensates…
            On April 11, the U.S. Treasury sanctioned an Iranian businessman, a Malaysian bank and an international network of front companies that moved billions of dollars to a Revolutionary Guards company. “As international sanctions have become increasingly stifling, Iran has resorted to…
            On March 14, the U.S. Treasury sanctioned a Greek businessman and 14 companies for helping Iran evade international oil sanctions. Dr. Dimitris Cambis used front companies and Iranian funds to purchase oil tankers and disguise the Iranian origin of crude oil. The vessels involved were…
Kevan Harris What is the state of Iran’s economy in 2013 compared to a year ago?             Iran's economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar…
Kevan Harris What is the state of Iran’s economy in 2013 compared to a year ago?             Iran's economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar…
            On December 7, Secretary of State Hillary Clinton announced the renewal of Iran sanctions exceptions for China, India, Malaysia, Republic of Korea, Singapore, South Africa, Sri Lanka, Turkey and Taiwan. The nine countries will be able to continue buying reduced quantities of Iranian…
            On November 30, the U.S. Senate unanimously approved new sanctions on Iran’s energy and shipping sectors. Foreign financial institutions will face stiff penalties for facilitating the sale, supply or transfer of goods or services from Iranian energy and shipping companies. The sanctions…
Gary Clyde Hufbauer The European Union imposed new sanctions on Iran’s financial, energy, trade, and transport sectors on October 15. What impact will these measures have on Iran’s economy?             Oil and gas account for close to 90 percent of Iran’s exports. Anything that interrupts the…
Gary Clyde Hufbauer  The European Union imposed new sanctions on Iran’s financial, energy, trade, and transport sectors on October 15. What impact will these measures have on Iran’s economy?               Oil and gas account for close to 90 percent of Iran’s exports. Anything that…
            The International Monetary Fund (IMF) forecasts economic growth and lower inflation for Iran in 2013, suggesting that sanctions have taken a limited toll on the economy. The IMF’s semi-annual World Economic Outlook estimates that Iran’s gross domestic product (GDP) will fall .9 percent…