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The Biden administration wants to buy Israel's silence about a renewed Iran nuclear deal in exchange for brokering a Saudi-Israel normalization deal,
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Iran’s combined oil and gas reserves are the largest of any country in the world. And yet the government has long failed to generate policies that would enable the country to benefit from its huge natural resources. Some of these shortcomings are international in nature, such as sanctions. Many others are rooted in poor macroeconomic policies and populist initiatives replacing competent and realistic policy choices. Given this reality, how well, or not, is Iran placed to be able to confront the global trend away from hydrocarbons in the coming decades?
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