Sanctions on Iran and Their Impact on OPEC Markets (2005–2019)

1. Iran nuclear file escalates at IAEA

   Sep 24, 2005Labels: IAEA, Iran

   • IAEA GOV 2005
   • Arms Control

2. UN imposes first nuclear-related sanctions

   Dec 23, 2006Labels: UN Security, Iran

   • UN Docs
   • Arms Control

3. OPEC approves modest output increase

   Sep 11, 2007Labels: OPEC

   • CNBC Reuters
   • Guardian

4. UN expands sanctions with Resolution 1929

   Jun 9, 2010Labels: UN Security, Iran

   • UNSCR
   • UN Docs

5. OPEC fails to agree on output increase

   Jun 8, 2011Labels: OPEC

   • CNN
   • Al Jazeera

6. EU adopts decision enabling Iran oil embargo

   Jan 23, 2012Labels: European Union, Iran

   • EU Council
   • EUR Lex

7. EU embargo on Iranian crude takes full effect

   Jul 1, 2012Labels: European Union, Iran

   • EUR Lex
   • EUR Lex Summary

8. OPEC holds output steady amid price slump

   Nov 27, 2014Labels: OPEC

   • DW
   • CNBC

9. UN endorses JCPOA framework via Resolution 2231

   Jul 20, 2015Labels: UN Security, JCPOA

   • UN SG
   • UN Docs

10. JCPOA Implementation Day lifts nuclear-related U.S. sanctions

    Jan 16, 2016Labels: JCPOA, United States

    • OFAC
    • UN SG

11. OPEC agrees first production cut since 2008

    Nov 30, 2016Labels: OPEC, Iran

    • DW
    • Guardian

12. OPEC and partners coordinate cuts under “Declaration”

    Dec 10, 2016Labels: OPEC, Russia

    • PRX The World
    • OPEC

13. United States withdraws from JCPOA

    May 8, 2018Labels: United States, JCPOA

    • AP
    • Jones Day

14. OPEC agrees to ease cuts; Iran resists larger hike

    Jun 22, 2018Labels: OPEC, Iran

    • Reuters
    • Guardian

15. U.S. re-imposes major Iran sanctions, including on oil

    Nov 5, 2018Labels: United States, Iran

    • Crowell
    • Jones Day

16. Qatar gives notice to leave OPEC

    Dec 3, 2018Labels: Qatar, OPEC

    • OPEC
    • CSIS

17. U.S. ends Iran oil import waivers

    Apr 22, 2019Labels: United States, Iran

    • TIME
    • AP

18. Waiver end takes effect, tightening Iran’s export outlets

    May 2, 2019Labels: Iran

    • TIME
    • OFAC