US and Iranian Strategic Competition: Sanctions, Energy, Arms Control, and Regime Change. Center for Stragetic & International Studies. Anthony H. Cordesman et al. April 23, 2013.
As the crisis over Iran’s nuclear program continues without resolution, the U.S. and EU have implemented new rounds of increasingly expansive and rigorous sanctions. Iran’s economy is reportedly suffering from high inflation, a devalued currency, unemployment, and high food costs. Sanctions have begun to also whittle away at Iran’s ability to sell its oil and repatriate earnings from the sales it has been able to complete. [Note: contains copyrighted material].
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