Skip to main content

After nuclear negotiations, what’s next for Iran’s economy?

A nuclear deal with the West would mean a huge boost to sanctions-hobbled Iran, especially its petrochemical sector.
EDITORS' NOTE:  Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran. 

An engineer speaks on his radio at the Phase 4 and Phase 5 gas refineries in Assalouyeh, 1,000 km (621 miles) south of Tehran, January 27, 2011.  REUTERS/Caren Firouz (IRAN - Tags: ENERGY BUSINESS) - RTXX5WC

As the world is anticipating the conclusion of the nuclear negotiations between Iran and the five permanent members of the UN Security Council plus Germany (P5+1), analysts and businesses wonder how a potential lifting of the current sanctions will influence economic developments in Iran. There is no doubt that a gradual lifting of sanctions will pave the way for greater trade and investment ties between Iran and the rest of the world, especially the Western nations. However, what exactly can we expect beyond a comprehensive deal?

This analysis focuses on the economic developments and refrains from any scenario analysis on a political level, especially since there are major domestic, regional and foreign policy complexities in the political sphere.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.