The following remarks were delivered by Christian Saunders, the Senior Defense Intelligence Analyst for Iran, Defense Intelligence Agency.

One of the reasons behind IMF’s gloomy picture of Iran’s economy is linked to the Trump administration’s decision not to extend its waiver for Iran’s eight biggest oil buyers; China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea.

It is an irony that not even the most devoted supporters of the ayatollahs can ignore that a country such as Iran, that prides itself on being one of the world’s largest oil producers, is unable to produce enough fuel to satisfy the needs of its own population.