Top Stories
Top Stories
Oil and Gas

Sanctions have denied Iran more than $10 billion in oil revenue, US official says

Key Points
  • U.S. sanctions against Iran have denied its government more than $10 billion in oil revenue, a U.S. official said on Thursday.
  • The United States re-imposed sanctions against Iran's oil exports last November, but initially allowed its eight biggest buyers limited imports for another half-year.
Workers cross walkways between zones aboard an offshore oil platform in the Persian Gulf's Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran, on Thursday, Jan. 5. 2017.
Ali Mohammadi | Bloomberg | Getty Images

U.S. sanctions against Iran have denied its government more than $10 billion in oil revenue, a U.S. official said on Thursday.

Brian Hook, U.S. Special Representative for Iran and Senior Policy Advisor to the Secretary of State, made the comment during a call with reporters days after Washington said it would end all exemptions to sanctions against Iran, demanding countries halt imports from Tehran from May or face punitive action.

The United States re-imposed sanctions against Iran's oil exports last November, but initially allowed its eight biggest buyers limited imports for another half-year.