Football fever, by-elections and central bank decisions have obscured the baffling outcomes of President Trump’s accord with Iran.
Instead of reflecting the military advantage won because of the US-Israel bombing campaign, designed to remove Tehran’s terror threat to the Middle East, Iran may emerge economically triumphant.
Before the war there was evidence that financial sanctions and largely disabled oil exports to the West had brought the mullah-led nation to its knees.
The currency was in free fall, inflation rampant and protesters on the streets. Now there is an economic lifeline.
As a reward for political normalcy, including keeping the Strait of Hormuz freely open to traffic, Iran has been granted the right to sell oil and gas.
