Curriculum The Economy of Iran
The Economy of Iran
Iran's economy: an overview, the 1979 revolution and nationalisation, oil and gas dependence, sanctions and the nuclear deal, maximum pressure after 2018, the rial and inflation, the IRGC's economic role, subsidies and reform, the bazaar and trade, water stress and brain drain, Chabahar and India, and a recap.
- Iran at a Glance Iran is a large, resource-rich economy with a well-educated population that has been held back by sanctions, state control and inflation. 📄 Read-aloud
- 1979: Revolution and Nationalisation After the Islamic Revolution, industries and banks were nationalised, and large religious foundations called bonyads took over confiscated assets. 📄 Read-aloud
- Oil, Gas and Dependence Oil and gas earn most export income and government revenue, making Iran vulnerable to price swings and sanctions. 📄 Read-aloud
- Sanctions: From 2006 to the Nuclear Deal Escalating UN, US and EU sanctions from 2006 cut Iran's oil exports and banking access until the 2015 nuclear deal (JCPOA) eased them. 📄 Read-aloud
- Maximum Pressure After 2018 After the US left the nuclear deal in 2018 and reimposed sanctions, Iran's oil exports and currency fell sharply, though it found ways to sell oil, largely to China. 📄 Read-aloud
- The Rial, Inflation and Everyday Life The rial has lost most of its value, inflation has been chronic, and Iranians use dollars, gold and other assets to protect savings. 📄 Read-aloud
- The Economy of Iran: Checkpoint 1 Quick checkpoint - five questions on the economy of iran. 5 questions
- The IRGC and the Economy The Islamic Revolutionary Guard Corps controls a vast business network in construction, energy, telecoms and trade, raising concerns about competition and transparency. 📄 Read-aloud
- Subsidies and Reform Attempts Iran heavily subsidised fuel and food, replaced some with cash transfers in 2010, and faced unrest when fuel prices were raised sharply in 2019. 📄 Read-aloud
- The Bazaar, Private Sector and Trade Traditional merchants of the bazaar and private manufacturers play an important role, working through licensing, currency controls and unofficial channels. 📄 Read-aloud
- Water Stress, Brain Drain and Structural Problems Depleted aquifers, droughts, power shortages and the emigration of skilled Iranians threaten long-term growth. 📄 Read-aloud
- Iran and India: Chabahar and Trade India has developed Iran's Chabahar port as a trade gateway to Afghanistan and Central Asia, and long imported Iranian oil until US sanctions curbed it. 📄 Read-aloud
- Iran's Economy: Recap A recap of Iran's structure, sanctions and challenges. 📄 Read-aloud