What was the impact of economic sanctions on Iran?
O Iran suffered economically as other nations
followed the US and placed restrictions on trade
with Iran.
Below is a portion of the summary report on the hostage
crisis in Iran.
The US agreed to lift import and export sanctions under
the agreement when the hostages were released. Our
allies stated they would take parallel steps to remove
their sanctions. These sanctions imposed increasingly
heavy costs on Iran in terms of greatly curtailed economic
activity and substantial diplomatic isolation.
-Report on the Hostage Crisis in Iran: 1979-1981
Iran continued to have good economic relationships
with US allies
o Iran's economy had little change after the US
placed sanctions on the nation.
Iran created a new economy that allowed the nation
to isolate itself from trade with other nations.

The correct answer is option A. Iran suffered economically as other nations followed the US and placed restrictions on trade with Iran. This was the impact of the economic sanctions on Iran.

What was the impact of the economic sanctions on Iran?

The US placed trade restrictions on Iran.
Many countries followed suit and placed restrictions on Iran, alongside.
This had a major impact on the economic situation in Iran.
Economic sanctions decreased Iran's ability to sell and trade oil, their primary and most crucial asset.
Iran's economy considerably shrunk owing to the economic sanctions.
Economic activity was greatly curtailed.
Iran also suffered from diplomatic isolation and economic stagnation.
The US placed import and export sanctions which many other countries also placed on Iran.
This was coupled with falling exports and declining global trade.
Oil trade and export underwent a massive decline due to the restrictions and economic sanctions.

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