Iran Sanctions
Abstract
There appears to be a growing international consensus to adopt progressively strict economic sanctions against Iran to try to compel it to verifiably confine its nuclear program to purely peaceful uses. In January 2011, Secretary of State Clinton claimed that sanctions have accomplished a core objective of slowing Iran's nuclear program. However, nuclear talks in December 2010 and in January 2011 made virtually no progress. There has been little evidence since that Iran's leaders feel sufficiently pressured by sanctions to offer major concessions to revive talks or obtain a nuclear deal. Because so many major economic powers have imposed sanctions on Iran, the sanctions are, by all accounts, having a growing effect on Iran's economy. The sanctions are reinforcing the effects of Iran's economic mismanagement and key bottlenecks. Among other indicators, there have been a stream of announcements by major international firms since early 2010 that they are exiting the Iranian market. Iran's oil production has fallen slightly to about 3.9 million barrels per day, from over 4.1 million barrels per day several years ago, although Iran now has small natural gas exports that it did not have before Iran opened its fields to foreign investment in 1996.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 04, 2011
- Accession Number
- ADA543258
Entities
People
- Kenneth Katzman
Organizations
- Library of Congress