Economics
Iran Braces for Trump Reset With Economy Buckling From Sanctions
- Tehran’s leaders signal pragmatic approach to new US president
- Oil trade may be squeezed if Trump imposes ‘maximum pressure’
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When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.
That all changed the following year, when the then-US President abandoned Iran’s landmark nuclear deal with world powers and imposed severe economic sanctions instead.