Iran's Strategy for Surviving U.S. Sanctions

May 30, 2018 | 17:13 GMT
Iranians shop at Tehran's ancient Grand Bazaar.

Iranians shop at Tehran's ancient Grand Bazaar. Historically, food prices and unemployment -- especially in rural areas -- have been the major factors prompting protest and unrest in the country.

(ATTA KENARE/AFP/Getty Images)

Iran is preparing for major economic and financial challenges now that the United States is ready to implement tough oil-specific sanctions in November. The government in Tehran is unwilling to heed Washington's demands, which include halting its missile program and ending its support for regional militias, because it considers these basic components of the country's defense strategy. So Iran is managing its economy for the long haul, hoping it can insulate itself against the effects of U.S. sanctions long enough to outlast the current U.S. administration....

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