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How US sanctions will hit Iran

  • Writer: Caline Malek
    Caline Malek
  • Nov 5, 2018
  • 1 min read

  • The US withdrawal from the nuclear deal has already had a huge effect, including the devaluing of the Iranian rial and oil exports falling by about a million barrels a day

  • The impact of the sanctions was felt early on, with their announcement in May driving many companies to abandon Iran, causing the value of its currency to plummet

Arab News




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