Frankly, the Iranians didn't see that as a concession to them because what prevented them from selling oil was not the sanctions. They were selling plenty of oil without any discount because The sanctions were just fundamentally ineffective at that point. What the sanctions did do is move the Iranian financial system to sort of the shadow banking system. So by lifting the blockade, that's the significant thing that has changed. (15:19–15:23)
CLAIM
Asserts that the sanctions on Iran were ineffective.
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