Iran Sanctions:
"American officials said that the “core” financial and banking sanctions would remain in place during the interim accord, and that they had taken a heavy toll on the Iranian economy.
According to American officials, Iran has about $100 billion in reserves, a vast majority of which is in overseas accounts. Iran has little access to those accounts because of the sanctions. Iran’s oil exports, meanwhile, have shrunk to a million barrels a day, from about two and a half million barrels a day in 2011.
“These declining exports are costing Iran up to $5 billion a month,” a second administration official said, “and have cost Iran, along with our other sanctions, about $120 billion.”
A report by the International Atomic Energy Agency that was issued on Thursday suggested that Iran had suspended some elements of its nuclear program. Administration officials said that the development was welcome but not sufficient.
The prospect that a deal could be reached soon has provoked a storm of protest from Israel and criticism from Republicans and some Democrats. Prime Minister Benjamin Netanyahu of Israel has mounted a campaign against the agreement. In a Twitter post on Friday, he cautioned the West not to embrace a “bad deal.”"
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