Iran is in possession of the building blocks to construct a promising , fast growing economy . But CNN 's John Defterios says the reality today with its devalued rial is the polar opposite . With daily insights from our reporter Shirzad Bozorgmehr in Tehran , we know that the costs of staples in society are soaring . With rising import prices due to a plummeting currency , Iran Inc. is also no longer able to compete . The U.S. and other Western countries have imposed sanctions on Iran's oil industry as part of an effort to force Tehran back into compliance with international nuclear agreements. Iranians must be asking the question : What if we joined the global economic community ?
Iran is in possession of the building blocks to construct a promising , fast growing economy . But CNN 's John Defterios says the reality today with its devalued rial is the polar opposite . With rising import prices due to a plummeting currency , Iran Inc. is also no longer able to compete . The U.S. and other Western countries have imposed sanctions on Iran's oil industry as part of an effort to force Tehran back into compliance with international nuclear agreements. Iranians must be asking the question : What if we joined the global economic community ?