By Pooya Stone
Iran’s trade figures with Europe’s biggest economy are shrinking and its key oil exports are faltering. According to Bloomberg, crude oil is Iran’s main revenue source and it has compiled for foreign ports in the first nine days of May.
The unilateral sanctions on Iranian oil exports tightened on May 2nd, when waivers that allowed several countries to keep importing crude from Iran expired. Now, the US aims to reduce oil imports to zero in an effort to pressure Iran to change its perceived malign behaviors.