Why Iran shouldn’t get too Excited about Brexit

Some Western analysts share this line of thinking. Compliance attorneys at New York-based Sheppard Mullin told International Business Times that Britain could lift human rights-related sanctions on Iran because the country would no longer be bound by EU decisions in this regard.

Donya-e Eqtesad also argued that Iran’s energy sector is in desperate need of the presence of British energy giants BP and Royal Dutch Shell for its overhaul and development.

This argument sounds persuasive to many experts in Iran, as the UK economy has come under pressure since the vote to leave, putting the country in a weaker position in negotiations with other countries, possibly including Iran.

Indeed, a day after the referendum, the BBC warned that demand for sterling would be weaker, British stock markets would plunge, bond yields would further fall, the housing market would slow and investment in the country would drop as a result of the leave vote.

Despite stock markets rebounding sooner than expected, political analysts and economic experts remain concerned that post-Brexit Britain could negatively affect the global economy, which of course includes Iran. The Tabnak news website, however, says Iran’s economy is too small to be affected either way.

The conservative website, which is close to Expediency Council Secretary Mohsen Rezaei, recently urged Iranian officials to not exaggerate the impact of Brexit on Iran while acknowledging that the vote would undermine the integrity of what it called US-European anti-Iran plans.

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