South Asia Center Nonresident Senior Fellow Barbara Slavin writes for Al-Monitor on a new report on how sanctions against Iran are costly for the United States:
The US economy has lost more than $135 billion in export revenues and hundreds of thousands of potential jobs because of stringent economic sanctions against Iran, according to a new report by the National Iranian American Council (NIAC).
The report, “Losing Billions: The Cost of Iran Sanctions to the US Economy,” published July 14, is intended to move the debate in Congress and among the public toward accepting a possible long-term nuclear agreement that would include lifting many sanctions on Iran. It is not, however, clear to what extent US businesses would quickly benefit from a removal of penalties given other restrictions that would likely remain and likely caution about dealing with a country long demonized and penalized by the United States.