Iran’s economy in free fall as U.S. refuses to budge on arms embargo

FPI / July 2, 2020 The combination of crippling U.S. sanctions and the devastating coronavirus outbreak have caused Iran’s economy to crash, reports say. U.S. sanctions on the Islamic Republic’s energy industry have taken the heaviest toll. Iran currently sells less than 200,000 barrels of crude oil per day, and possibly less than 100,000. In […]
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