Middle East & Africa: Economic overview
The re-election of President Hassan Rouhani in May’s poll is Iran’s best chance of improving relations with the West.
Rouhani – considered a moderate – convincingly beat his main opponent Ebrahim Raisi – a close ally of Supreme Leader Ayatollah Khamenei. However, Iran will have a difficult time dealing with the United States despite Rouhani’s win as President Donald Trump mulls tougher sanctions. During his first foreign trip as president, Trump clinched a $110 billion military deal with the Saudis and singled out Iran as the world’s biggest sponsor of terrorism.