US exports to Iran grow fourfold under sanctions
Tehran, Iran, Oct. 13
The United States of America exported $150 million worth of goods to Iran in August, when the first tranche of Washington’s sanctions against Tehran was introduced.
Iran-US trade turnover witnessed a great leap in August, growing fourfold compared to the same period last year, according to a report by Tasnim news agency on October 13.
In August, US President Donald Trump re-imposed the first round of sanctions on Iran. The second phase of US bans will come into effect next month. They will target Iran’s crude oil.
Goods worth $150 million were shipped to Iran in August, the report said.
This is while the US exports to the Islamic Republic in July this year stood at $35.7 million.
The report added that value of Iran-US trade stood at $312.4 million in the first eight months of this year, marking a 150 percent growth.