6 Items

A traditional Iranian bazaar in the city of Kashan

Wikicommons

Analysis & Opinions - The Hill

Can Iran Weather the Trump Storm?

| May 03, 2019

In the past 10 years, oil exports have averaged about $67 billion in Iran. Last year, they dropped by two-thirds, and they are expected to drop below $30 billion this year.  There are reasons to believe that, with appropriate policies, the country can live with this level of oil exports, albeit at a reduced standard of living, and even do itself some good in the long run by reducing its dependence on oil.

Iran has been there before. In 2012, when President Obama ratcheted up U.S. sanctions against Iran, oil exports dropped by 27.5 percent, and GDP fell by 6.2 percent. In 2015, sanctions and the collapse of oil prices further reduced oil exports to $32 billion, a decade-long low, and GDP declined by 1.6 percent. If Iran’s leadership is to successfully resist U.S. demands, it must do more than find ways to evade sanctions. A lot depends on its ability to adopt a plan that reduces the economy’s dependence on oil, while distributing the burden of restructuring equitably across social groups.

Grand Bazaar, Tehran, Iran

Wikicommons

Analysis & Opinions - The Brookings Institution

Iran’s Economy 40 Years after the Islamic Revolution

| Mar. 14, 2019

Unlike the socialist revolutions of the last century, the Islamic Revolution of Iran did not identify itself with the working class or the peasantry, and did not bring a well-defined economic strategy to reorganize the economy. Apart from eliminating the interest rate from the banking system, which was achieved in name only, the revolution put forward few specific economic policies that could be called an Islamic economic development strategy. To be sure, its populist and pro-poor rhetoric was quite distinct from the Pahlavi regime it replaced, but its actual policies could be found in the toolboxes of most developing countries and international organizations.

Iran Tehran Bazaar

Wikicommons

Analysis & Opinions - Foreign Affairs

Yes, Iran’s Economy Is Suffering—But It’s Not All About the U.S.

| Sep. 25, 2018

Although U.S. President Donald Trump has hurt the Iranian economy, the unexpected depth of the rial’s decline owes less to U.S. policy than to poor decision-making in Tehran and structural weaknesses in Iran’s economy. A proper understanding of the factors that deepened the crisis suggests that the country’s acute hardships may ease or disappear as Iran adjusts to the new situation. Iran’s foreign exchange market needs to be understood on its own terms in order to avoid the common mistake of equating the fall of the rial in the free market with economic collapse, rising poverty, and increasing protests that can weaken the regime.

JPOA negotiating teams

US Department of State

Analysis & Opinions - Foreign Affairs

How To Muddle Through With Iran

    Author:
  • Dennis Ross
| October 19, 2014

It is no accident that hardly anyone involved in the Iranian nuclear negotiations has expressed optimism about meeting the November 24 deadline for a comprehensive agreement. The Iranian and U.S. governments are continuing to meet regularly -- most recently last week in Vienna -- but there are few signs of meaningful progress. Indeed, the essence of the deal that has always made most sense -- a rollback of the Iranian nuclear program in return for a rollback of sanctions -- seems increasingly beyond reach. Instead, the Iranians have been insisting on a rollback of the sanctions in return only for limited transparency on their industrial-size nuclear program. But Washington has insisted for a long time that, given Iran’s past violations of the Nuclear Nonproliferation Treaty (NPT), limited transparency won’t be enough. Further, it has already stated that it will not accept an industrial-scale program, although it is prepared to agree to a limited-enrichment capability.

Kurdish peshmerga forces stand by their armed vehicles in Mahmoudiyah, Iraq, a day after they take control of the village from the Islamic State group, as they patrol on Wednesday, Oct. 1, 2014.

(AP Photo/Hadi Mizban)

Analysis & Opinions - The National Interest

Bad Move, ISIS: Why America and Iran Should Work Together

| Oct. 06, 2014

"While a threat to U.S. interests, the Islamic State of Iraq and al-Sham (ISIS) presents us with a unique opportunity to 'reset' the Middle East equation—to actively transform regional relations, to abate the cold war between Iran and Saudi Arabia and to forge a new working relationship with Iran," writes Payam Mohseni. "As the United States moves to escalate its war against ISIS and forge a coalition against the terrorist group, it is important that Iran be included in the process. After all, U.S. and Iranian interests have increasingly converged in the Middle East with the emergence of a common enemy, and no power in the region is better suited to taking on ISIS than Iran and its affiliated Shi’a militias in Iraq."