This episode with Professor Djavad Salehi-Isfahani examines how prolonged sanctions, inflation, and structural economic stagnation have reshaped Iran’s political economy. We explore how comprehensive sanctions since 2011 constrained oil revenues and fiscal capacity, why inflation and currency depreciation have reinforced one another over time, and how these pressures have affected poverty, middle-class security, and youth prospects. The discussion considers why sustained economic hardship has not translated into political collapse, how ideology and fear of instability contribute to regime resilience, and what the Iranian case suggests about the limits of economic coercion as a tool of statecraft.Professor Salehi-Isfahani is Professor of Economics at Virginia Tech. He received his PhD from Harvard University and has previously taught at the University of Pennsylvania. He is Managing Editor of the Middle East Development Journal and a Research Fellow at the Economic Research Forum in Cairo. His research focuses on labour markets, inequality, youth unemployment, and the economic consequences of sanctions and policy reform in the Middle East.The International Risk Podcast brings you conversations with global experts, frontline practitioners, and senior decision-makers who are shaping how we understand and respond to international risk. From geopolitical volatility and organised crime, to cybersecurity threats and hybrid warfare, each episode explores the forces transforming our world and what smart leaders must do to navigate them. Whether you’re a board member, policymaker, or risk professional, The International Risk Podcast delivers actionable insights, sharp analysis, and real-world stories that matter.The International Risk Podcast is sponsored by Conducttr, a realistic crisis exercise platform. Conducttr offers crisis exercising software for corporates, consultants, humanitarian, and defence & security clients. Visit Conducttr to learn more.Dominic Bowen is the host of The International Risk Podcast and Europe’s leading expert on international risk and crisis management. As Head of Strategic Advisory and Partner at one of Europe’s leading risk management consulting firms, Dominic advises CEOs, boards, and senior executives across the continent on how to prepare for uncertainty and act with intent. He has spent decades working in war zones, advising multinational companies, and supporting Europe’s business leaders. Dominic is the go-to business advisor for leaders navigating risk, crisis, and strategy; trusted for his clarity, calmness under pressure, and ability to turn volatility into competitive advantage. Dominic equips today’s business leaders with the insight and confidence to lead through disruption and deliver sustained strategic advantage.The International Risk Podcast – Reducing risk by increasing knowledge.Follow us on LinkedIn and Subscribe for all our updates!Tell us what you liked!

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