Fraser McIlwraith
speaker
72 appearances
1 recordings
1 series
first heard Jun 2026
last heard 19 Jun
Fraser McIlwraith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
The memorandum of understanding that was signed this week by Donald Trump, the American president, and his Iranian counterpart, Masood Paseshkin, was really a bit of a coup for Iran's economy.
In a war against the world's most powerful military.
Iran managed to wage a war of global economic chaos and came out stronger for it.
In exchange for not pursuing a nuclear weapon, the deal seems to suggest some of the following.
So in the short term, America will lift its naval blockade, which it's been imposing since the middle of April, which has been choking off Iran's oil exports.
It will offer some kind of short term sanctions relief and possibly unfreeze some Iranian assets.
Yes.
And then there is a truly staggering prize which seems to have been put on offer as part of the deal, which is a three hundred billion dollar reconstruction fund.
Lots of details around that remain quite shaky, but if it's real, then that's an enormous prize for Iran.
Yeah, so the war has made things significantly worse.
And there are two main shocks that the war has delivered to an economy that was already really struggling.
The first is the raw destruction by American and Israeli airstrikes.
Those have hit everything from bridges to factories to steel mills, oil refineries.
And this damage is quite hard to quantify, but one estimate suggests maybe the damage is somewhere in the region of a hundred.
$150 billion, which is a pretty enormous sum.
And then the other shock is the blockade.
So the American blockade has done quite an effective job, really, of strangling Iran's ability to export oil.
One estimate is that Iran's oil exports dropped by about 80% in May compared to April.
That's also affected Iran's ability to import.
And one of the consequences.
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