According to Reuters, Iran has lost an estimated $2 billion in oil revenue since May.<br />That figure coincides with US President Donald Trump's announcement to impose sanctions against Iranian oil exports.<br />Those sanctions went into affect on Nov. 5th.<br />Brian Hook, the US Special Representative for Iran, said that Iranian production dropped by 1 million barrels since since May.<br />Hook said that taking those barrels off the market reduced oil revenues by more than $2 billion for Iran.<br />He added that about 20 countries have stopped importing Iranian oil ahead of the sanctions. <br />
