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15 April 2022

Iran Likely to Gain More Than $70 Billion From the Removal of Oil Sanctions

Saeed Ghasseminejad

Mohsen Khojastemehr, the CEO of the National Iranian Oil Company, said earlier this month that Iran’s oil production has returned to its pre-sanctions levels. While this claim may constitute an exaggeration, Iran’s stated progress reflects the Biden administration’s failure to enforce existing sanctions on the country over the past year — and the increasing likelihood that Iran will earn tens of billions of dollars more from oil exports under a new nuclear deal.

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