Tehran, Jun 18 (UNI) The US-Iran memorandum of understanding has raised hopes of sanctions relief, greater access to frozen assets and stronger oil exports, but economists in the country say a diplomatic breakthrough alone will not solve Iran’s deep economic problems.
The agreement includes a 60-day negotiation period, steps toward reopening the Strait of Hormuz, possible US waivers for Iranian oil exports and discussions on sanctions and frozen assets.
The prospect of lower tensions with Washington has fuelled expectations that Iran’s currency could strengthen, inflation could ease and living conditions could improve after years of sanctions and conflict.