US Sanctions Have Cost Iran More Than $10Bln - Pompeo

US Sanctions Have Cost Iran More Than $10Bln - Pompeo

The sanctions the United State has imposed against Iran have cost Tehran more than $10 billion it would have otherwise received from oil revenue, US Secretary of State Mike Pompeo told reporters on Monday

WASHINGTON (Pakistan Point News / Sputnik - 22nd April, 2019) The sanctions the United State has imposed against Iran have cost Tehran more than $10 billion it would have otherwise received from oil revenue, US Secretary of State Mike Pompeo told reporters on Monday.

"Before our sanctions went in effect, Iran generated as much as $50 billion annually in oil revenue," Pompeo said. "Overall today, we estimate that our sanctions have denied regime well north of $10 billion."