Economics, trade, and politics
This analysis concentrates on economics, but the questions for CompGov students revolve around the effects of sanctions on Iranian government and politics. Will moderate or hard line forces be strengthened? Can Iran survive sanctions? New tough sanctions targeting Iran's oil sector, imposed by the United States, come into force on Monday [12 November]. The Iranian president, Hassan Rouhani, has responded robustly. "There is no doubt that the United States will not achieve success with this new plot against Iran as they are retreating step by step." Iran is heavily dependent on its exports of oil, and renewed sanctions, if effective, would hit the economy hard. Iran has the fourth largest reserves of oil. The EU has proposed supporting companies trading with Iran despite these new sanctions. But will these companies risk being hit by secondary sanctions which would limit their own ability to trade with the US? But other countries, including those of the European Union, ...