

recent news about Iran-US talks is super interesting

, in 2020, US-Iran tensions were at their peak

, and then in 2021, Biden admin tried to ease things up by offering sanctions relief

, but it didn't work out

. now, with Macron's help

, Iranian-Arab diplomacy is making progress

. let's look at some stats
Iran's economy has been struggling for years

, 2020-2022 GDP growth rate: -3.5%, -9.5%

. US sanctions have had a significant impact

. but, in 2022, Iran started to diversify its economy

, with a focus on renewable energy and IT

.

according to the IMF, Iran's current account deficit is around $40 billion

, but it's decreasing slowly

. the country needs foreign investment to boost growth

. that's where talks between Iran and US come in

. if they can reach a deal, it could be a game-changer for Iran's economy

.

let's look at the numbers
Iran-US trade in 2020: $10 billion (down from $150 billion in 2013)

US-Iran arms embargo: lifted in 2016, but reinstated in 2018

Iran's military spending as a percentage of GDP: around 2% (one of the lowest in the region)

so, what do you think? can Iran and US reach a deal that will boost their economies?
