Iran's Economy in 'Shambles,' Trade Expert Says

An exterior view building of the Bushehr nuclear power plant near the Persian Gulf, 1,000 kms south of Tehran, Iran. Mohammad Kheirkhah / UPI / Landov (Time Magazine)

From CQ Politics/Spy Talk:

Victor Comras, a longtime State Department diplomat and trade expert, argues that plunging oil prices and chaos in the international finance system could force Iran back to the bargaining table over its nuclear program.

Economic sanctions have also begun to show results, Comras said, as reports surfaced that the Bush administration was forcing Israel to stand down from plans to attack the Islamic republic.

"Iran's economy is already in shambles," Comras wrote for the widely read Counterterrorism Blog Tuesday.

"The downturn in the price of oil has left Iran's government with serious budget shortfalls and significantly reduced its ability to support and subsidize its extensive ongoing energy sector and other infrastructure projects," he said.

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My Comment: they are still going to spend money on developing the bomb.

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