Shackled with sanctions, Iran’s shadow economy relies on access to markets in Dubai to keep things running at home.
The non-binding resolution was introduced by Democrats after Trump's order to kill an Iranian commander and retaliatory missile strikes by Iran dramatically escalated tensions between the two foes.
Six more countries have joined hands to back INSTEX, a mechanism that facilitates trade with Iran while circumventing US sanctions.
The sanctions-hit Islamic republic projects abandoning dependence on oil revenue to finance its budget. But there’s more than meets the eye.
The bank would have two years to create the "toman" currency, returning to a name that has not been officially used since the 1930s.
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