Bottom Line Up Front Virtually every sector of Iran’s civilian economy is now subject to U.S. secondary sanctions, rendering additional sanctions progressively less significant. Most of the economic damage affecting Iran’s economy is a product of the tightening of U.S. sanctions on Iran’s exports of oil imposed in May ...

Last spring, two weeks after the Trump Administration withdrew from the Joint Comprehensive Plan of Action (JCPOA) - the international arms control deal that curbed Tehran's nuclear program - Secretary of State Mike Pompeo announced a new approach to Iran that, he vowed, included history's most ‘draconian’ sanctions. This renewed ...