How Deal With U.S. Could Reconnect Iran to the Global Economy

Despite the wreckage left by Iran’s 16-week war with the United States and Israel, the country’s potential outlook over the long term is brighter than it has been in years.

For the first time in decades, Iran’s status as an international economic outlaw could be nearing an end, allowing a leading oil producer to re-establish ties with the rest of the globe.

The path from the agreement between President Trump and President Masoud Pezeshkian of Iran to a final pact is strewed with obstacles. Talks between the United States and Iran planned to be held on Friday in Switzerland were postponed, and there were strikes by Israel and Hezbollah in Lebanon.

Still, if the deal signed by Mr. Trump holds, the dagger in Iran’s side — punishing sanctions on its oil exports and financial transactions — could soon be removed.

Article source: https://www.nytimes.com/2026/06/19/business/economy/iran-sanctions-oil.html