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Iran is approaching economic crisis

Dwindling cash reserves, economic sanctions, and country-wide protests are crippling the Iranian government.

There may finally be good news filtering out of Iran. As a result of harsh sanctions, intelligence reports have noted that Iran’s economy, the failing of which has sparked massive, country-wide protests, may be on rockier shoals than assumed.

Iran’s continued support to terrorist organizations and its flouting of the nuclear deal constructed during the Obama administration has provided the Trump administration with the ammunition needed to cripple Iran’s economy through the use of sanctions.

According to Ian Talley at the Wall Street Journal, the Iranian government is having difficulty with importing goods and exporting oil, which producing an ever increasing trade deficit.

The current protests revolve around spikes in the price of fuel in the country, driven by the government’s decision to cut the flow of fuel to its citizens to have more on hand for exportation, a task made more problematic with international sanctions.

Talley notes that this new intelligence estimate:

Suggests Iran is approaching a point where it confronts a choice between returning to negotiations or lashing out with new attacks on U.S. allies and global energy supplies.

Obviously, the option where Iran returns to the negotiation table is the preferred option. However, the have shown a propensity towards military action in the past.

President Trump and the international community should keep Iranian sanctions in place and be prepared for any potential aggression in the Strait of Hormuz or the Persian Gulf. With continuing protests, perhaps their maybe a regime change somewhere down the road.

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