A weakened Iran prepares to face Trump 2.0
Live MintIran faces a tough year of confrontation with the incoming Trump administration while holding an exceptionally weak hand after 2024 left it with an acute economic crisis at home and setbacks in the Middle East. Iran’s leadership “is probably experiencing the most profound challenges of its own making" in years, said Sanam Vakil, director of the Middle East and North Africa program at Chatham House in London. Factories are in the throes of “a deep recession," Mahmoud Najafi Arab, the head of the chamber, which represents some of Iran’s biggest companies, said in a statement on the chamber’s website. Bad blood with Trump Facing the prospect of new sanctions, Iran’s foreign minister, Abbas Araghchi, said Friday that his country was ready to resume nuclear negotiations “without delay" in exchange for lifting the sanctions. “‘Maximum Pressure 1.0’ compelled ‘Maximum Resistance’ and ended in ‘Maximum Defeat’ for the U.S.," he said, referring to sanctions imposed under Trump’s first tenure.