Can Iran’s new President Raisi fix a deeply troubled economy?
Iran’s economy has been crippled by US sanctions and decades-long structural issues.
![Supporters of newly inaugurated Iranian President Ebrahim Raisi display his portrait during a celebratory rally for his presidential election victory [File: Majid Asgaripour/West Asia News Agency via Reuters]](/wp-content/uploads/2021/07/raisi.jpg?resize=770%2C513&quality=80)
Iran’s economy has been crippled by US sanctions and decades-long structural issues.
![Supporters of newly inaugurated Iranian President Ebrahim Raisi display his portrait during a celebratory rally for his presidential election victory [File: Majid Asgaripour/West Asia News Agency via Reuters]](/wp-content/uploads/2021/07/raisi.jpg?resize=770%2C513&quality=80)

![Crude futures' decline pushed the benchmark to close below its 50-day moving average for the first time since late April, a bearish signal that may invite more sellers into the market [File: Bing Guan/Bloomberg]](/wp-content/uploads/2021/05/OILLLLLLLL.jpg?resize=770%2C513&quality=80)
![Iranian President Hassan Rouhani, right, welcomes Pakistani Foreign Minister Qureshi, at the presidential office in Tehran [Iranian presidential office handout/EPA]](/wp-content/uploads/2021/04/h_56841126.jpg?resize=770%2C513&quality=80)

![Iran has been under harsh economic sanctions by the US since 2018 when Trump unilaterally withdrew from Iran's 2015 nuclear deal with world powers [Handout via AFP]](/wp-content/uploads/2020/12/000_8X9233.jpg?resize=770%2C513&quality=80)
![To complete its action plan with the FATF, Iran had to finalise four pieces of legislation [File: Mohamadreza Nadimi/WANA via Reuters]](/wp-content/uploads/2020/12/2020-07-07T000000Z_480841411_RC26OH9IPZNO_RTRMADP_3_IRAN-ECONOMY-RIAL.jpg?resize=770%2C513&quality=80)
![US president-elect Joe Biden and Europe have signalled that while they wish to restore the nuclear deal, they believe it needs to be renegotiated and extended [Iranian Presidency Office via AP]](/wp-content/uploads/2020/12/AP_20344346011007.jpg?resize=770%2C513&quality=80)
![The sanctions are the latest move by the outgoing Trump administration to put pressure on Tehran [File: Vahid Salemi/Al Jazeera]](/wp-content/uploads/2020/09/AP_20211287643615.jpg?resize=770%2C513&quality=80)
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