There Is No Good Time to Invest in Iran
Immediately following the reelection of Iranian President Hassan Rouhani last month, the country’s Oil Ministry began boasting about its expectations that new investment deals with European nations would be signed before Rouhani took the oath for his second term later this summer. There doesn’t appear to be much concrete information to back up these claims, and the Islamic Republic of Iran has a demonstrated track record of exaggerating its own prospects, both in terms of economic outcomes and military development. Yet, the latest rhetoric reflects political and diplomatic realities, including the likelihood of some Western policymakers and businessmen taking Rouhani’s reelection as a cue to expand their relations with the Iranian regime. This is something that the whole world should be alarmed about.