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Middle East & Africa Economic overview

May 2017

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...