This is a tremendous news politically and economically.
Economics -
1 - the price of oil has been declining since the IranDeal was signed. In US alone the annual savings as result of cheaper gas and cheaper food (food production costs is strongly tied to gas prices) is about $500B/year (from $4/gallon - $2/gallon). Basically providing additional $500B in spending money in US.
2 - globally, the lower price of food and gas can potentially provide additional spending money.
3 - Iran has crumbling infrastructure and need numerous foreign contractors to rebuild (European and Chinese have already signed up). Sadly US companies will not be able to participate.
4 - Iran has potential for a large consumer market.
Politically -
1 - US will finally have a second option (let's call it the second front) in middle east. We in US have been keeping a blind eye toward Saudis, their indirect financing of ISIS and all types of jihadist fighters in region from Libya, Syria, Africa, Afghanistan, etc.
2 - Iran will be tapped into helping stabilize Afghanistan, Iraq and Syria (there is already talks of providing and exist for Assad)
3 - Iran's gas can provide a hedge (at least the fear of an Iranian pipeline) against Russia. This probably wont happen as Iran relies more on Russia than Europe and will probably maintain that role, but that's a possibility.
4 - The open Iran is forced to further integrate globally. This has always been the fear of the hardliners and it'll be resisted by some within, however, there seem to be an understanding that stopping progress is a futile task.
5 - One of the largest women secondary eduction (close to 70% of college students are women), it will eventually play out as a potential model for other regional muslim countries to emulate.
6 - It will force Saudis to change. Saudis are extremely worried about the IranDeal. But their biggest existential threat is not militarily, but culturally. From having 70% women college students, to hybrid system of government. Iran socioeconomic role, will put pressure internally on Saudi rulers and it will force them make uncomfortable changes or face internal turmoil.
Very interesting with the high number of women in college. In the long run I think they will bury Saudi Arabia. Once oil runs out Saudi will have nothing but Iran will have a much stronger foundation to build on.
They already got lots of industry like car manufacture.
Economics - 1 - the price of oil has been declining since the IranDeal was signed. In US alone the annual savings as result of cheaper gas and cheaper food (food production costs is strongly tied to gas prices) is about $500B/year (from $4/gallon - $2/gallon). Basically providing additional $500B in spending money in US. 2 - globally, the lower price of food and gas can potentially provide additional spending money.
3 - Iran has crumbling infrastructure and need numerous foreign contractors to rebuild (European and Chinese have already signed up). Sadly US companies will not be able to participate.
4 - Iran has potential for a large consumer market.
Politically -
1 - US will finally have a second option (let's call it the second front) in middle east. We in US have been keeping a blind eye toward Saudis, their indirect financing of ISIS and all types of jihadist fighters in region from Libya, Syria, Africa, Afghanistan, etc.
2 - Iran will be tapped into helping stabilize Afghanistan, Iraq and Syria (there is already talks of providing and exist for Assad)
3 - Iran's gas can provide a hedge (at least the fear of an Iranian pipeline) against Russia. This probably wont happen as Iran relies more on Russia than Europe and will probably maintain that role, but that's a possibility.
4 - The open Iran is forced to further integrate globally. This has always been the fear of the hardliners and it'll be resisted by some within, however, there seem to be an understanding that stopping progress is a futile task.
5 - One of the largest women secondary eduction (close to 70% of college students are women), it will eventually play out as a potential model for other regional muslim countries to emulate.
6 - It will force Saudis to change. Saudis are extremely worried about the IranDeal. But their biggest existential threat is not militarily, but culturally. From having 70% women college students, to hybrid system of government. Iran socioeconomic role, will put pressure internally on Saudi rulers and it will force them make uncomfortable changes or face internal turmoil.