Unlike the global support for the Obama administration’s sanctions, broad opposition to the U.S. policy, including from allies, is expected to make that task much harder. Still, the Trump administration is off to a strong start: Iranian oil exports have fallen by more than a million barrels a day since the U.S. launched its new campaign . That decline—more than a third of international sales—is twice the level achieved over the same period in the Obama era. Related The Iranian economy, with oil accounting for 80% of Iran’s tax revenue and a quarter of gross domestic product, is in pain. Europe’s largest companies have pulled out. Iranians, fearing economic collapse , rushed to exchange their rials , plunging the currency’s value to record lows and sparking a surge in consumer prices. The International Monetary Fund forecast this year that Iran’s economy would expand by 4% in 2018. Now it […]