Iran, sanctions and the implications for the rest of MENA

The re-introduction of the first tranche of US sanctions on Iran, which came into force today, will result in a downturn in Iran’s economy but, as things stand, the economic impact on the rest of the MENA region shouldn’t be severe. That said, the sanctions may heighten geopolitical tensions in the Middle East, which are likely to weigh on local financial markets.

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