After almost 15 years of intermittent negotiations, Iran and the P5+1 group of six major world powers have reached a comprehensive agreement over Iran’s nuclear program. The deal couldn’t have come soon enough for the Iranian economy, which has been crippled by sanctions imposed by the U.S. and United Nations. At the same time, state oil revenues are shrinking every day, and unemployment and inflation have both soared to levels not seen since the catastrophic Iraq-Iran War of the 1980s. Since 2010, sanctions have specifically targeted Iran’s central bank, leading to rapid currency devaluation and near-zero rates of economic growth. Living standards for the working class and low-income Iranians are abysmal, with many unable even to purchase basic medicine. The nuclear deal clears the path for the end of sanctions and the emergence of a dynamic Iranian economy. President Hassan Rouhani, whose cabinet includes more graduates of prestigious American […]