News

As U.S. sanctions against Iran begin to take hold, no longer will the colorful carpets, which almost all come from Iran, be able to enter the United States. And while this means American homes might end up a little less decorative, for Iranians the ban will have a much more dire effect.

Rug exports account for about $500 million in revenue for Iranian dealers every year. The United States, it’s top client, provided about 20 percent of that revenue until late September, when the embargo took hold.