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Iran can't expect to threaten its neighbours and then do business with them

Not many people are comfortable discussing their personal finances with a stranger, let alone a reporter. However, many Iranians are speaking out as the struggle to make ends meet becomes intolerable. Months of war have taken their toll on a battered economy that was already weakened by decades of sanctions and mismanagement. Dwindling oil and gas revenue, widespread job losses and annual…

Iran can't expect to threaten its neighbours and then do business with them

Despite months of war and a weakened economy crippled by sanctions and mismanagement, Iranians are facing an intolerable struggle to make ends meet. Nima, a 33-year-old cryptocurrency trader, described the worsening situation, stating, "Every tomorrow has been worse than the day before." The hardships faced by ordinary Iranians have been further exacerbated by Iran's leadership choices, which have deepened the country's international isolation.

This isolation recently intensified with the UAE suspending trade and financial relations with Tehran, a direct consequence of Tehran's actions. Iran's leaders cannot expect to threaten neighboring countries while continuing to enjoy economic relations with them. Every state bears the responsibility to safeguard its people, businesses, and economy – a responsibility Iran's authorities have neglected, leaving their population impoverished and uncertain about the future.

Isolation is not an economic strategy that yields prosperity, as it restricts options and increases costs, hindering recovery. With the UAE reviewing its trade ties with Iran amid maximum US pressure and internal strain on the Iranian economy, the consequences of Iran's "resistance economy" are becoming evident. Iran's neighbors have shown a willingness to engage in good ties with Tehran.

If its leadership demonstrates respect for the sovereignty of other states, there is potential for rebuilding economic and diplomatic relations. Ultimately, Iran's authorities must decide whether to prioritize their people, a choice that only they can make.

Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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