U.S. sanctions hit Iran hard
------------------------------
U.S. President Donald Trump’s sanctions against Iran have triggered a collapse in economic growth, pushing the Islamic republic into deep recession and lifting inflation towards 40 percent
------------------------------
Iran’s oil production (million barrels per day – b/d)

2018: Iran’s economy contracts by 3.9%. GDP expected to shrink by further 6% in 2019

5
Jan 16, 2016: Implementation Day
International sanctions are lifted after Iran meets its commitments under nuclear deal* with China, France, Russia, U.S., UK, Germany and EU

4 
Feb 2018: 4.62m b/d

May 8, 2018: U.S. quits nuclear deal, reinstates sanctions

Dec 2015: 3.30m b/d

Mar 2019: 2.69m b/d

3
May-Oct 2018: Oil exports average
1.71m b/d
Nov 2018-Mar 2019: Oil exports fall to 930,000 b/d – government loses $10bn in oil revenue
May 2019: Traders offer 153,000 rials to $1
   
2

2015 16 17 18 19

*Joint Comprehensive Plan of Action
------------------------------    
                                      
Sources: Bonbast.com, Opec, Reuters Picture: Associated Press © GRAPHIC NEWS