2min chapter

Ones and Tooze cover image

The Nobel Economics Prize Rewards Bank Run Breakthroughs

Ones and Tooze

CHAPTER

Iran Is Not Coming Close to Meeting Its Economic Potential

Iran has $100 billion in assets frozen abroad under the sanctions regime. It could be exporting 2 million barrels of oil per day over and above what it currently does, which would earn it at current prices about $70 billion a year. "It has the potential to be a kind of Germany, I think, of the Middle East with a very strong engineering base"

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