Our regional theme this quarter analyses how Iran has been impacted by the re-imposition of sanctions, lower oil prices and coronavirus (COVID-19). We look at how the country’s relationships will change in the region and internationally.
• Finding a new Iraqi government is at an impasse and will be for the foreseeable future following the former prime minister-designate's resignation on 1 March, hours after he failed to get his Cabinet approved by the parliament.
We believe that de-escalation will continue following statements from both the Iranian and US leadership. Although both parties tentatively appear to be standing down, this could break down easily and retaliatory acts could resume.