Iran Guards Divest From Oil Holdings
By Micah Halpern
Thursday February 8, 2018
I've Been Thinking:
Iran is demanding that all government agencies divest from all oil holdings. The Iranian Revolutionary Guards are major shareholders in Iranian oil as are other Iranian groups.
"Not only the Social Security Organization but all government sectors, including banks, have to divest their business holdings, and this is the only way to rescue the country's economy," Rouhani said. "Government officials, non=government institutions and the armed forces and others -- everyone has to divest their commercial businesses."
There has been popular blowback against Iranian leadership. The major complaint is that the economy has not improved over the past 5 years, ever since the more liberal Rhouhani has been in power. Frustration has grown even more intense since the famous Nuke Deal was signed in March of 2016.
After the deal, sanctions were lifted on Iranian oil exports - but the Iranian economy was unaffected because the money was kept internally.
This policy should open the Iranian oil market to outside investment. And that may just dramatically improve the economy.
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