China’s growing role in Middle East won’t solve Iran’s economic woes

A man pulls a cart loaded with boxes in Tehran on February 21, 2023. - Iran's currency plunged to new lows on January 20 amid fresh European Union sanctions, crossing the psychologically important rate of 500,000 rials to a dollar in foreign exchange markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Subscribe for less than $9/month to access this story and all Al-Monitor reporting.

Why AL-Monitor?

AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the highest levels, as well as by media, thought and business leaders and academia.

Read by

Live news & notifications

Follow over 100 expert journalists based across the region and get notified in real time of breaking stories and exclusives. *Expanded coverage on Energy & Defense sectors.

Premier analysis of the Middle East

Access the sharpest and most diverse regional minds giving you all the angles on regional trends.

Live events & video

Priority access to roundtables, summits and other events alongside ALM's global community of regional influencers.

Specialized Newsletters

Get timely reporting on key countries and sectors with up to 10 daily and weekly newsletters straight to your inbox.

Big, exclusive interviews

Follow conversations with the region's biggest names in politics and business.

ALM archives since 2012

Access a repository of over a decade's worth of regional coverage, insights and trends.

Subscribe for unlimited access

By becoming an Al-Monitor subscriber, you drive our team’s rigorous and independent journalism spanning the Middle East.

Continue

The Middle Eastʼs leading independent news source since 2012

Search