In Iran, nuclear deal brings little economic relief

The Los Angeles Times reports: When Iran’s leaders signed a preliminary nuclear deal with world powers in November, they promised the six-month agreement would quickly start “melting the iceberg” of Western sanctions, lead to new trade ties and lift the lives of ordinary Iranians.

Opponents of the deal in the United States and the Middle East said much the same thing, warning that it would rapidly erode the international sanctions that have crippled Iran’s economy.

It hasn’t worked out that way. More than four months into the deal, many Iranians think the interim accord has done little to help them.

“The deal has not brought any economic breakthrough for the common people,” said Mohammed Hydari, editor of Khandani, a political and economic journal. The “meager” funds released by world powers each month under the deal, he said, “are not helping the people, but the government.”

Dwindling popular support in Iran for the preliminary accord, coupled with perennial resistance to any nuclear compromise from hard-liners, raises doubt about how long Iranian President Hassan Rouhani can push ahead with his effort to reach a final deal. [Continue reading…]

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