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

... 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 from the deal, 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. A whole set of factors contributed to this, including continued limitations placed on Iran by the U.S, time-frame restrictions for restoring its energy sector and ...