The Intelligence from The Economist Argo the sequel: America and Iran’s hostage deal
7 snips
Sep 19, 2023 
Nicholas Pelham, The Economist's Middle East correspondent and former detainee in Iran, shares riveting insights on the recent U.S.-Iran hostage deal. He discusses how hostage-taking has long been a strategy for Iran, this time resulting in billions of dollars in unfrozen assets. The conversation delves into the implications for U.S.-Iran relations and the potential for future diplomatic dialogue. Additionally, the importance of social mixing in American chain restaurants like Olive Garden is explored, highlighting their role in bridging economic divides.
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Siamak Namazi's Arrest
- Siamak Namazi, a businessman, was arrested in 2015 after traveling to Iran.
- He was held in Evin prison, along with his father, who tried securing his release.
Deal's Price Tag
- The US released five Iranians and unfroze $6 billion of Iranian assets held in South Korea.
- Republicans criticize this as a ransom, while the White House insists the funds are for humanitarian needs.
Iran's Financial Troubles
- The $6 billion is significant for Iran as a precedent for unfreezing more assets and dealing with sanctions.
- It signifies potential re-engagement with international banks and money markets.
