Iran’s oil revenues have halved since the U.S. imposed sanctions on the Islamic Republic in 2018, Turkish news agency Anadolu reported , citing an Instagram post of the governor of the Iranian Central Bank, Abdolnaser Hemmati. According to the head of the central bank of Iran, the country’s revenues from oil sales have dropped from more than US$40 billion in 2018 to less than US$20 billion in 2019 and 2020. The central bank also had very limited access to those revenues, Hemmati said. The U.S. sanctions on Iran’s oil exports have been an “unprecedented maximum pressure campaign” that has impacted every sector of the Iranian economy, he added. As early as in 2019, Iran’s Oil Minister Bijan Zanganeh admitted that Iran’s oil industry had been dealt a “deadly blow” by the U.S. sanctions. Earlier this week, Iran said that the U.S. should pay Tehran as much as US$70 billion […]