Iran Oil Exports Fall, Embassy Shut -- Wall Street JournalInternational sanctions helped drive down Iran's oil exports nearly 45% in July, a new report showed, while Canada said on Friday it had closed its embassy in Tehran and would expel all Iranian diplomats in Canada.
Iran is "the most significant threat to global peace and security in the world today," Canadian Foreign Affairs Minister John Baird said of the embassy closure, the latest step by a Western nation to isolate Iran.
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My Comment: It is too early to judge if sanctions are working. Iran oil exports may be down for one month, but prices are going up .... hence helping to make up for any shortfall.
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