Chart of the week: Iranian oil sanctions – whose problem is it? | beyondbrics

The last few days have seen a fresh wave of US sanctions against Iran, in an attempt to put the brakes on its nuclear programme. But cutting off Iran’s oil – its biggest export – isn’t easy.

Chart of the week takes a look at which emerging markets are affected the most.

Iran is a big oil exporter at 4,321 thousand barrels per day in 2011, or 5.2 per cent of the world’s output. It also has the fourth biggest reserves of any country, with 9.1 per cent of global proven reserves.

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