
Iran Focus
London, 17 May – Iran is the second biggest nation in the middle east in terms of the economy, according to the Daily Mail. The only country ahead of it is its Sunni rival Saudi Arabia. The reason for this supposed wealth? Oil and Sanctions Relief.
The Iranian economy was revived by the lifting of international sanctions against it, when the 2015 nuclear deal was put into place. Then, a recent deal between Saudi Arabia, Iraq, and Iran allowed Iran to up its oil production significantly.
However, despite these boosts, the economy is still not working for anyone outside the elite.