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Middle East & Africa Economic overview

February 2017

Sanctions imposed by the United States on Iran after a recent Iranian ballistic missile test have soured relations between them.

Iran conducted a missile test in late January, and additional sanctions from the US swiftly followed on 3 February. The sanctions have targeted 13 individuals and 12 entities based in Iran, the United Arab Emirates, Lebanon and China.

Michael Flynn, who resigned as national security adviser to US President Donald Trump’s administration on 13 February, put Iran “on notice” earlier that month. However, the administration has not...