Share
Getting your Trinity Audio player ready...
|
Iran’s recent truce with Saudi Arabia, a stark departure from years of animosity, is failing to resuscitate its faltering economy.
The rial, which is the basic monetary unit of Iran, gained some ground following the China-brokered deal. But inflation continues to soar, and getting relief from sanctions by reviving the 2015 nuclear deal hasn’t happened.
As Iranians grapple with diminished purchasing power during Nowruz celebrations, the nation’s economic outlook hinges on escaping those nuclear program sanctions and bolstering ties with China and Russia.
Despite the diplomatic breakthrough with Saudi Arabia, Iran’s economy remains held down by Western sanctions. Along with the lack of viable alternatives for sustainable growth, the truce is healing the rift between the countries, but doesn’t heal Iran’s economy.
Read more at The Wall Street Journal.
RELATED TOPICS:
How Gentrification Is Killing the Bus: California’s Rising Rents Are Pushing Out Commuters
6 hours ago
Authorities Seek Help Finding Relatives of Deceased Fresno Man
19 hours ago
No. 15 Overall Seed UCLA Eases Past Fresno State Behind a Season-High 22 Hits
3 hours ago
Judge and Ohtani Light Up the First Inning With Historic Homers in Yankees-Dodgers Rematch
3 hours ago
Chapman Homers, Harrison Pitches Five Scoreless Innings as Giants Beat Marlins
3 hours ago
General Is a Good Boy — in English and Spanish
4 hours ago
Visalia Police Hand Out 55 Citations During Motorcycle Safety Crackdown
4 hours ago
How Gentrification Is Killing the Bus: California’s Rising Rents Are Pushing Out Commuters
6 hours ago
Authorities Seek Help Finding Relatives of Deceased Fresno Man
19 hours ago
No. 15 Overall Seed UCLA Eases Past Fresno State Behind a Season-High 22 Hits
3 hours ago
Judge and Ohtani Light Up the First Inning With Historic Homers in Yankees-Dodgers Rematch
3 hours ago
Chapman Homers, Harrison Pitches Five Scoreless Innings as Giants Beat Marlins
3 hours ago
General Is a Good Boy — in English and Spanish
4 hours ago
Visalia Police Hand Out 55 Citations During Motorcycle Safety Crackdown
4 hours ago
How Gentrification Is Killing the Bus: California’s Rising Rents Are Pushing Out Commuters
6 hours ago
Authorities Seek Help Finding Relatives of Deceased Fresno Man
19 hours ago
Trans Athlete Competes in California Championships in Clovis Despite National Controversy
1 hour ago
Categories

Trans Athlete Competes in California Championships in Clovis Despite National Controversy

Tim Walz Urges Democrats to Fight Back Harder Against ‘Bully’ Trump

No. 15 Overall Seed UCLA Eases Past Fresno State Behind a Season-High 22 Hits

Judge and Ohtani Light Up the First Inning With Historic Homers in Yankees-Dodgers Rematch

Chapman Homers, Harrison Pitches Five Scoreless Innings as Giants Beat Marlins

General Is a Good Boy — in English and Spanish
