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Impact of US Sanctions on Iran's Oil Production by Mid-2025?
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Resolution / Starting Odds
Significant Reduction • 25%
Moderate Reduction • 25%
No Significant Change • 25%
Increase • 25%
Reports from the International Energy Agency or other credible energy analysis firms
Story
US Expands Sanctions on Iran's Oil Sector, Adding 16 Entities and 23 Ships Following October 1 Attack on Israel
Oct 11, 2024, 06:41 PM
The U.S. Treasury has expanded its sanctions on Iran's oil and petrochemical sectors in response to Iran's ballistic-missile attack on Israel on October 1. The new sanctions include the addition of 16 entities and 23 ships to the Specially Designated Nationals (SDN) list, aimed at disrupting the Iranian regime's ability to fund destabilizing activities. This move reflects the U.S. government's commitment to countering threats posed by Iran, particularly following the recent escalation in military aggression against Israel.
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