Sanctions Cost Iran $1.2 Trillion Over 12 Years, Businessman Says

A gas flare on an oil production platform is seen alongside an Iranian flag in the Persian Gulf July 25, 2005.
A gas flare on an oil production platform is seen alongside an Iranian flag in the Persian Gulf July 25, 2005.

Hossein Selahvarzi, the former head of Iran's Chamber of Commerce, says sanctions have inflicted approximately $1.2 trillion in damages on the country between 2011 and 2023.