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Earth Institute Research Projects

Implications of Sustained Low Oil Prices on Iran

Lead PI: Richard Nephew Djavad Salehi-Isfahani

Unit Affiliation: Center on Global Energy Policy (CGEP)

July 2015 - Ongoing
Active
Asia ; Iran
Project Type: Research Outreach

DESCRIPTION: In light of pending negotiations between Iran and the P5+1 attention was drawn to the latest issue brief from the Center on Global Energy Policy on the relative impact of low oil prices compared to sanctions on Iran's economy. In it, co-authors Richard Nephew, the Center's Program Director for Economic Statecraft, Sanctions and Energy Markets, and Djavad Salehi-Isfahani, a Nonresident Senior Fellow at the Brookings Institution and a Professor of Economics at Virginia Tech, find that sanctions relief is essential to Iranian economic recovery, even more so than a rebound in the price of oil.