(CNSNews.com) – Secretary of State Hillary Clinton said Friday that Iran’s oil exports have declined by more than one million barrels thanks to the United States convincing the European Union to stop importing Iranian oil.
“We convinced all 27 nations of the European Union to stop importing Iranian oil and all 20 major global importers of Iranian oil, including Japan, India, China and Turkey to make significant cuts. Iran today exports more than one million fewer barrels of crude each day than it did just last year. Iran’s currency is worth less than half of what it was last November,” Clinton said in a keynote address at the 2012 Saban Forum on U.S.-Israel Relations.
She said although sanctions against Iran have been in place for many years, there has never been a coalition like the one the U.S. has built over the last four years.