Sanctions
On November 8, the U.S. Treasury announced “a set of targeted sanctions against 17 individuals and entities related to the Iranian government’s human rights abuses, its support of terrorism, and Iran’s Islamic Revolutionary Guard Corps (IRGC).” The actions were taken according to the…
On October 22, President Barack Obama and Governor Mitt Romney clashed over U.S. policy toward Iran’s nuclear program. During the final presidential debate, Obama claimed U.S.-led sanctions have brought Iran to its "weakest point economically, strategically, [and] militarily.” But…
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…
On October 15, White House Press Secretary Jay Carney said that “Iran is under more pressure than ever before” thanks to new E.U. sanctions on its financial, trade, energy and transport sectors. At a separate press briefing, U.S. State Department Spokesperson Victoria Nuland clarified…
On October 15, the European Union targeted Iran’s nuclear program with new sanctions on its financial, energy, trade, and transport sectors. The E.U. Council condemned Tehran’s “continuing production of enriched uranium” and “flagrant violation of its international obligations.”…
On October 9, the United States moved to tighten loopholes in its Iran sanctions. President Barack Obama’s new Executive Order will implement additional punitive measures that he signed into law on August 10, 2012. National Security Council Spokesman Tommy Vietor said the law sanctions…
After six years of international sanctions on Iran’s nuclear program, Western powers claim that their punitive measures are having a significant impact on Iran’s economy. According to U.S., European and Israeli officials, sanctions have compounded problems generated by Tehran’s…
Helia Ighani Iran’s currency crisis has sparked deep divisions inside the regime. Top officials have blamed others in the Tehran government for mismanagement and irresponsible fiscal policies. The regime has countered by citing international sanctions for a role in the…
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…