| Iran’s new president will have to deal with an economy that is showing signs of foundering, according to a Washington Post report published over the weekend. Western sanctions are cutting ever deeper into the Islamic republic’s financial lifelines and increasing pressure for a nuclear deal with the West, the report noted, citing newly released data.
The figures show accelerated financial hemorrhaging across multiple sectors, from plummeting hard-currency reserves to steadily falling oil exports, Iran’s main source of foreign cash. U.S. officials and analysts say the tide of bad news will complicate the task awaiting Hassan Rouhani, the incoming president, but it could also increase Iran’s willingness to accept limits that would preclude it from developing nuclear weapons...............................................Full Article: Source
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