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.
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.