Newsweek: Iran faces fourth crisis in oil crash amid U.S. sanctions, coronavirus and protests

Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, comments about the role of coronavirus, U.S. sanctions, and the slowdown in oil markets on the Iranian economy. Kamiar says that sanctions “have limited exports of oil severely, so Iran’s economy is actually much more diversified than its neighbours.” He says it was the overall economic slowdown related to Covid-19 concerns “that is likely to further sabotage the Iranian economy at a critical time for potential growth.”

Read the full article [newsweek.com]