July 18, 2014

Iran’s Oil Exports Have Fallen By Half Since Sanctions Were Imposed


If you’re curious about the impact of economic sanctions on Iran, OPEC’s newly-released 2014 statistical bulletin provides a pretty concrete look. As the tables below show, in just the past two years Iran’s oil exports have fallen by nearly half and the rial has lost a third of its value. If you want to know why Iran is negotiating over its nuclear program, that’s the story in a nutshell.

The whole report is here. Plenty of interesting little tidbits there for inquiring minds.

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

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Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

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