Iran’s Oil Sector under Renewed Sanctions: Adopting to the New Reality

... negotiations, the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), was signed. Many viewed it as a diplomatic triumph, which would open the door... ... Three years after the nuclear deal was struck, two years after most Western economic sanctions had been lifted and before Donald Trump’s May 2018 decision to withdraw... ... Iran still lagged behind on its planned economic revitalization and renovation of its energy sector. In fact, Iran failed to significantly increase its oil production, to upgrade its oil and gas infrastructure and to revitalize its economy...