By Micah Halpern
I've Been Thinking:
If a deal with Iran is signed on June 30, Iran will be welcomed into the community of nations.
Economically, that would have a huge impact.
Iran is the third largest country in the Middle East. Egypt is the largest with a population of about 90 million. Turkey follows with 83 million and Iran has about 80 million people.
Iranians are primarily well educated and young.
Before the crisis of 1979, Iran had a very healthy import from the US. Iran imported of $3.7 billion worth of US products. While at the same time the United States imported $2.9 billion worth of goods from Iran.
That was in 1979, 36 years ago. Today that number would be 4 times higher.
In the 1990s, through subsidiaries, the United States purchased $3.4 billion worth of Iranian oil.
Before this last round of sanctions were placed on Iran in this recent UN sanctions move, Iran was the third largest producer and exporter of oil in the world.
When sanctions are lifted Iran will become a major exporter over night - and that will catapult it into a world power. With that power Iran will become the voice of all the small nations and downtrodden peoples in the region.
When the sanctions are lifted - Iran will become a giant.
Micah@MicahHalpern.com
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