Iran’s nuclear program has cost the Islamic Republic some $40 billion over the last 20 years, but Western sanctions levied in response have reportedly cost it more than triple that sum.
Iran has “lost $130 billion because of sanctions put in place since 2012,” according to Israeli security sources quoted by the AFP news agency. Losses in the oil sector alone account for $105 billion, the sources said, and the rest came from the “banking, trade and industry, development and investment” sectors.
The total cost of Iran’s nuclear program, including damage from sanctions, therefore stands at some $170 billion, according to the report.
In Geneva over the weekend, negotiations between Iran and Western powers failed to produce a deal that would ease sanctions in return for Iran temporarily freezing its nuclear program, leading to a high-profile diplomatic spat between Israel and the United States over the direction the talks have taken.