Iran losing out on $100m a day over sanctions
Published 14/11/2012 | 05:00
The damage wrought by sanctions on Iran's economy became clear yesterday when oil exports were shown to have fallen by 43pc since last year, costing about $100m (€78m) every day in lost revenue.
The EU imposed an embargo on Iranian oil on July 1 as the Western powers sought to compel Tehran to negotiate over its nuclear ambitions. The US and its allies have also targeted Iran with financial sanctions. (© Daily Telegraph, London)