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:

 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. The economy stabilized in 2014-15 as a result of modest sanctions relief under an interim nuclear agreement that went into effect on January 20, 2014. That accord allows Iran to access $700 million per month of hard currency from oil and other product sales, and caps Iran’s crude oil exports at the 1.1 mbd level.

 constriction of Iran’s ability to procure equipment for its nuclear and missile programs and to import advanced conventional weaponry. However, these effects have not prevented Iran from continuing to develop its missile programs or from militarily assisting pro-Iranian movements and governments in the region.  the June 2013 election as president of Hassan Rouhani, who articulated a priority of obtaining relief from international sanctions and isolation..."
Iran sanctions