Iran’s oil export revenues have fallen to zero US sees Iranian attempts to evade sanctions Hook gives no sign US open to sanctions relief US sanctions on Iran’s oil exports have caused revenue losses for Iran exceeding $50 billion, severely hindered the country’s push to expand refined-product exports, and ended foreign investment in its energy sector, Brian Hook, the US State Department’s special representative for Iran, said Thursday. “Both upstream and downstream investments in Iran’s oil and gas sector have stopped,” Hook said at the Council on Foreign Relations, according to the prepared remarks provided by State. “Foreign investors have almost entirely pulled out of Iran due to the risks and billions in investment has been lost.” The speech highlighted the impact of US sanctions on Iran’s economy since all oil sanctions waivers were lifted […]