The effects of international sanctions on Iran's economy

Last week at the meeting in Lausanne (Switzerland) the United States and five other world powers reached a provisional agreement with Iran to scale back its nuclear program significantly for 10 to 15 years and accept intense international inspections. In exchange, the United States and the international community would lift most of the sanctions that have punished the Iranian economy. Since 2011, the EU and US have imposed almost total embargo on Iran’s foreign trade and financial...