Iran enters fragile peace with economy near breaking point
The US has temporarily allowed Iran to export oil and indicated it will provide billions to relieve the crisis triggered by the war. With ordinary Iranians at their limit, however, Tehran already fears new protests
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Source: DW News
The US has temporarily allowed Iran to export oil and indicated it will provide billions to relieve the crisis triggered by the war. With ordinary Iranians at their limit, however, Tehran already fears new protests
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The US has temporarily allowed Iran to export oil and indicated it will provide billions to relieve the crisis triggered by the war. With ordinary Iranians at their limit, however, Tehran already fears new protests.
Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.
Vigilante groups and right-wing populist forces are stoking anti-immigrant sentiment and demanding that they leave the country by June 30. Experts fear serious economic implications for the country and the region.
Iran has seen a speedy rebound in oil exports after the US-Iran deal granted immediate waivers on US sanctions. Relief on frozen assets and a $300 billion reconstruction fund now hinge on Tehran meeting key conditions.
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