Sanctions on Iran Have Hit Oil Exports

We'll have them negotiating their nuclear program in no time...

Stringent new sanctions imposed by the United States and European Union against Iran have curbed the country's oil exports by more than 1 million barrels of oil per day, according to new data released by the International Energy Agency.

The IEA data, released late last week as part of a little-noticed annual report, paints the first detailed picture on how hard the sanctions have hit Iran: The agency estimates the country's oil exports have fallen by almost a third over the past three months, representing a substantial loss of income for the government.