Iran Beyond Oil?

(Washington Institute for Near East Policy) Patrick Clawson - Iran is in the midst of a non-oil export boom. While still important, oil is becoming a smaller part of Iran's trade. The country's largest trading partners are Iraq, China, the UAE, Afghanistan, India, and Turkey. In short, even with reduced oil income due to sanctions, Iran's government finances are doing as well as (or better) than those of the U.S. and most other industrial countries. Iran is therefore unlikely to be crippled by any sanctions the West could impose. Thus, it would be imprudent to rest one's hopes for resolution of the nuclear impasse on such a possibility. The writer is director of research at the Washington Institute.

2013-04-09 00:00:00

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