Iran’s economic strategy: Between collapse and opening up
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68
The US sanctions reinstated in 2018 and the pandemic have reinforced Iran’s isolation and economic challenges: impoverishment of the middle class, inflation, currency collapse, and brain drain. Only the lifting of sanctions and unfreezing of Iranian assets held abroad could, via the restarting of trade flows and oil exports, improve the country’s economic situation and shore up the regime’s popular support, which has been crumbling since 2009.
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