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.