Friday, May 11, 2018

Iran’s economy may be headed for a death spiral now that Trump nixed the nuclear deal

By Mediaite, May 10, 2018

Just a few minutes after President Trump said on Tuesday that the U.S. plans to pull out of the Iran nuclear deal, Hassan Rouhani, the country's president, stood defiantly, flanked by his cabinet, to say that he wanted to work with the remaining countries to keep the deal alive.

While Rouhani may have been sending a message to the U.S., his speech was also designed to reassure his own citizens that America's move wouldn't further damage the country's fragile economy. "He wanted to project calm and predictability," said Suzanne Maloney, a senior fellow at the Brookings Institution's Center For Middle East Policy.
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