Taliban Takeover Is a Boon for Cash-Strapped Iran

Elvera Bartels

Iran this 7 days restarted gas exports to Afghanistan that experienced been disrupted by battling in between the Taliban and forces underneath the now deposed Afghan govt, traders in Tehran and previous U.S. officers say, with the Taliban now offering essential bucks to the sanctions-crushed Iranian economic climate from its rewarding narcotics operations.

The burgeoning trade connection in between Tehran and the Taliban threatens to undermine critical U.S. tension strategies against both of those.

Iran has been reduce off from the world sector for the buck by U.S. sanctions, and the Taliban’s willingness to trade with their neighbor offers Iran uncommon entry to U.S. bucks it requires to import necessary goods and bolster its depreciated currency.

In the meantime, the arrangement enables the Taliban, who are also reduce off from trade and finance by global sanctions, to order primary commodities critical to maintaining the ailing Afghan economic climate functioning.

Iranian traders, who experienced been promoting to Afghan businessmen underneath the supervision of the U.S.-backed govt in Kabul, stopped sending refined petroleum to their Jap neighbor this summer time immediately after battling escalated in between the Afghan national army and the Taliban.

Next Post

FactSet Appoints Former MSCI Exec as CFO

Linda Huber Linda Huber will consider over as finance chief at financial details enterprise FactSet in early Oct. She succeeds Helen Shan, who has taken management of FactSet’s profits group as chief revenue officer.  Huber provides over 30 a long time of working experience in the financial services field, together […]