"It's like Turkey, but with 9% of the world's oil," says Charles Robertson of Renaissance Capital. No wonder the business press is now abuzz with analysts highlighting Iran's potential.
The preliminary deal it has struck with the West clamps down on Iran's nuclear programme in exchange for the gradual removal of sanctions, assuming various details are nailed down by June and rejectionists on either side don't derail the deal. That's good for the Iranian economy, which has suffered from hyperinflation and anaemic growth during its long period of isolation. It promises eventual riches for global oil majors, especially as many of Iran's oil fields have yet to be developed.
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'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
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Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
