4.4 • 1.8K Ratings
🗓️ 2 August 2018
⏱️ 26 minutes
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0:00.0 | Hello and welcome to worldly on the Fox Media Podcast Network. I am Zach Beecham, joined as always by Jen Williams and Alex Ward. |
0:17.0 | Hello. |
0:18.0 | Hi. |
0:19.0 | This week, President Trump offered to have a meeting with Iranian President Hassan Rouhani a surprise move |
0:24.0 | considering all the nasty things he's been saying about Iran over the course of his presidency. |
0:28.4 | The Iranian foreign ministry declined pretty forcefully. They called it a humiliation given you know the |
0:35.8 | recent history of the US withdrawing from the nuclear deal that it had |
0:39.2 | painstakingly negotiated with Iran. But Trump seems to think a meeting still might happen. |
0:45.5 | I hope it works out well with Iran. |
0:47.2 | They have a lot of difficulty right now. |
0:49.1 | I hope it works out well. |
0:50.9 | And I have a feeling they'll be talking to us pretty soon. |
0:53.7 | So when he says Iran is having a lot of difficulty, he's mostly referring to economic problems. |
1:00.3 | These problems are really important to understanding what's happening right now, this whole negotiation back and forth and diplomatic to and fro. |
1:08.0 | And that's what we're going to talk about today. The economy and what it means for these broader geopolitical issues. |
1:12.8 | So we need to start even before the nuclear deal. |
1:16.8 | Alex, take us back in time. |
1:18.4 | Sure, so one thing that's important to know is that the US and Iran have been in a kind of economic |
1:23.1 | spat since 1979 after the hostage crisis. The Carter administration sanctioned |
1:26.9 | Iran. We've been doing it kind of ever since. The Obama administration used the |
1:31.5 | sanctions tool, right, imposing financial costs on Iran as a way to get |
1:35.0 | them to the negotiating table to strike a nuclear deal. |
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