US: Iran will lose $ 11 billion due to sanctions and falling oil prices

Iran's losses caused by collapsed oil prices and sanctions will reach $11 billion, U.S.

Under Secretary for Terrorism and Financial Intelligence David Cohen said at the end of a hearing in the Senate.

"If oil prices remain at current levels, Iran will lose an additional $11 billion in oil revenue from what it was expecting to take in during this most recent seven-month extension of the JPOA," RIA Novosti cited Cohen. 

These were prepared remarks at a Senate Foreign Relations Committee hearing in which he urged lawmakers not to pass more sanctions legislation now.