Beyond Iraq’s economic woes, the Biden administration’s obstacles include Iran and its backed militias, the repercussions of the withdrawal of US troops, and ISIS’ re-emergence.

The new sanctions may have a significant impact on the relationship between the Iranian government and the next US administration on issues such as renegotiating the US return to the JCPOA.

If the new restrictions are fully implemented, there will be significant job loss and Iran will witness further economic and socioeconomic strain, deprivation, and income inequality.

These sanctions could pose serious obstacles to foreign travel, participation in international conferences, and the signing of international agreements of the individuals who are on the list of sanctions.

The new Rozenak-Shamtaygh customs would greatly boost trade in the region along with the Chabahar project and can possibly become a trading zone between the Central and the South Asian countries.

The Governor of the Central Bank of Iran Abdolnaser Hemmati, informed that the Central Bank will abandon the old policy understanding and implement more modern and reformist policies.

In the global contest for obtaining political and economic power, there are newly emerging trends; geoeconomics and regionalization processes are among those new trends.

As the “maximum pressure” campaign continues, the release of the Iranian assets does not seem to be possible in the near future.

Although Rouhani’s recent financial package is noteworthy, without reducing the geopolitical risks and addressing the structural problems in Iran, the package can only buy some time.

US sanctions affect economic, social, cultural, and political domains.

The US sanctions have not only impacted the daily lives of Iranian people but also adversely affected universities, researchers, and scholars in Iran.

Iran may not be able to withstand pressure much longer