Video Duration 01 minutes 50 seconds

Iran sanctions explained

The US has imposed sanctions on Iran, which relies on oil and gas for 80% of its exports. How will this impact the Iranian economy?

Iran’s economic situation is even more precarious now that US sanctions waivers on eight major buyers of its oil have expired.

Iran’s oil sales have already fallen by half since Washington pulled out of the 2015 nuclear deal.

The end of the sanctions waivers will likely impact the whole region, especially other oil-producing countries.

Al Jazeera’s Osama Bin Javaid explains the economic impact of Washington’s actions.