While the comparisons have prompted a fair number of social media snipes and tu quoque arguments, the parallels here are important to consider for a range of reasons.
Primary among them are the lessons it imparts for how the international community’s handling of Tehran’s own practice of killing dissidents abroad during the 1980s and 1990s should provide every incentive for a more robust response from the United States and other involved actors to the events involving Khashoggi.
But there are signs that this hard line is softening.
Heshmatollah Falahatpisheh, head of parliament’s influential national security and foreign policy commission, said in a recent interview, “There is a new diplomatic atmosphere for de-escalation with America. There is room for adopting the diplomacy of talk and lobbying by Iran with the [political] current which opposes [the policies of] Trump [toward Iran]… The diplomatic channel with America should not be closed because America is not just about Trump.”
Only a few weeks earlier, the Islamic Revolutionary Guard Corps (IRGC) intelligence arm had arrested Seyed Emami, an Iranian-Canadian citizen, and seven other environmental activists from the Persian Wildlife Heritage Foundation, a local nonprofit organization that works to conserve and protect endangered species in Iran.
Multinational negotiations have focused on ways to increase oil production to compensate for Iranian oil lost to sanctions. However, more attention should be focused on natural gas. The global demand for natural gas is increasing, a shortage is looming, and Iran owns the second largest proved natural gas reserves in the world—totaling 33.2 trillion cubic meters or approximately a 17.2 percent share. Renewed economic sanctions will significantly hinder Iran’s ability to attract foreign investment necessary to monetize its vast reserves. However, some of Iran’s natural gas trading partners may not be compelled to cease imports, at least for the time being.
Parliament passed several laws in time for a meeting that began October 14 of the Financial Action Task Force (FATF), the global body that monitors financial transparency and counter-terrorism financing. Over 800 officials representing 204 institutions, including the International Monetary Fund, United Nations and World Bank, attended the meeting. Fulfilling the obligations set by FATF is crucial for Iran to avoid a FATF blacklist, continue to connect with the international banking system and benefit from trade relations with European countries and China at a time when Iran’s economy is facing resumed US sanctions.
Some readjustment in US policy after the Barack Obama administration was expected and potentially useful. Both Israel and Saudi Arabia felt that the US had slighted their interests in negotiating the Joint Comprehensive Plan of Action (JCPOA), which placed curbs on Iran’s nuclear program but did not address Iran’s military and political intervention in Arab states.
Weeks later on October 1, three men were sentenced to death for financial corruption. They included a gold dealer nicknamed the “sultan of coins” by Iranian media for collecting two tons worth of gold coins and selling them at inflated rates. The men are currently appealing the sentences. Then on October 6, Interpol extradited to Tehran an Iranian businessman who fled after defrauding thousands of investors out of hundreds of millions of dollars after they purchased gold coins on a website.
To extend its power and influence, Iran arms and supports proxies such as Hezbollah in Lebanon, Hamas and Islamic Jihad in the Gaza Strip, Houthi rebels in Yemen, as well as Shia militias in Iraq and Syria.
The surprising trend of the rial recovery continued until Shargh Daily reported on October 4 about the re-emergence of a multi-tier foreign exchange market. This included an official rate of 42,000 rials, a secondary market rate of 90,000 rials, a Central Bank-enforced rate of 95,000 rials—which banks and currency exchange offices use to buy foreign currency from Iranians standing in queues—and a free market rate of about 145,000 rials.
While these countries haven’t come close to direct warfare, tensions have impacted many regional conflicts in the Middle East including in Syria, Yemen, and Iraq, and festering instability in countries like Lebanon, Bahrain, and even among the Palestinians.