Iran Sanctions

U.S.-imposed economic sanctions against Iran's Islamic regime began soon after the Iranian Revolution of 1978. Subsequent sanctions have reflected the ongoing strained relations between Washington and Tehran. Billions of dollars in Iranian assets have been frozen, most trade has been halted and stiff penalties have been leveled against companies doing business with Iran.

Fast Facts

1. First sanctions imposed 1979¹
2. Most financial dealings banned, including imports
3. Exceptions to ban have included caviar, Persian rugs, pharmaceuticals, pistachios

Recent Sanctions

21st Century sanctions against Iran have been imposed in response to three developments: the revival of the Muslim nation's nuclear program, its support of militant groups such as Hezbollah, and its alleged support of activity in Iraq against U.S. troops. In 2006 and 2007, several Iranian banks were banned from dealing directly or indirectly with US institutions, as were any business interests associated with Iran's Revolutionary Guard corps.² In July, 2008—with Israel seen to be gearing up for a military strike against Iran—it was reported that Iranian negotiators behind the scenes had expressed an interested in suspending the country's nuclear program in exchange for incentives that included the lifting of sanctions.³

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