According to Alex Vatanka, a senior fellow at the Middle East Institute, Iran’s aspirations for economic revival hinge on the removal of US sanctions. In an interview with Al Jazeera from Washington, DC, Vatanka emphasized that Iran’s primary objective is to rejoin the global economy.
Iran’s proposed 10-point plan, Vatanka explained, centers on the removal of primary American sanctions, which would facilitate American investment in the country. This notion, though seemingly counterintuitive, underscores Iran’s willingness to engage with the US.
Furthermore, the plan seeks the removal of secondary sanctions, allowing other countries to freely invest and trade with Iran. Vatanka noted that Iran’s potential gains from becoming a normal country far outweigh the revenue it could generate by leveraging the Strait of Hormuz as a bargaining chip.
While Iran may potentially earn up to $100 billion annually by exploiting its strategic location, Vatanka argued that this approach falls short of achieving normalcy. By contrast, embracing economic integration and normalcy would offer Iran a more substantial and sustainable advantage.
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