Iranian President Hassan Rouhani leaves parliament after speaking as part of a debate over his proposed Cabinet, Tehran, Aug. 15, 2017 (AP photo by Vahid Salemi).

Editor’s note: Guest columnist Neil Bhatiya is filling in for Judah Grunstein, who will return next week. The Trump administration should take heed of the potential economic pitfalls of its impending showdown with Iran over the 2015 nuclear agreement. A failure by the United States to recertify Iran’s compliance with the nuclear deal would mean the reimposition of sanctions, a move that will only end up isolating the U.S. internationally. If Trump declares Tehran in breach of the nuclear agreement, Washington must be prepared to go it alone, because Iran, and its oil industry, will fight a U.S. snapback of […]

An Iranian oil worker rides his bicycle at the Tehran oil refinery south of Tehran, Iran, Dec. 22, 2014 (AP photo by Vahid Salemi).

When Iran signed the international agreement in 2015 to curb its nuclear program in exchange for the lifting of sanctions, President Hassan Rouhani’s administration believed the deal would usher in badly needed foreign direct investment to relieve Iran’s economic woes. Two years on, the promise of an economic renaissance has not fully panned out. In an email interview, Sanam Vakil, professorial lecturer at the Johns Hopkins University SAIS Europe in Bologna and associate fellow at Chatham House in London, discusses what Iran has achieved since the sanctions were lifted, the ongoing political wrangling between reformers and hard-liners, and whether or […]