The Latest: As of November 5, the US has reimposed secondary sanctions on Iranian oil. However, the US government has also indicated that it will award waivers to eight buyers of Iranian crudes. Waivers will be granted for a period of six months, at which point buyers will have to apply for an extension. 

Implications: The impact of sanctions on

Key View

• Protests are likely to continue in Iran over the months ahead, as the re-imposition of US sanctions spurs economic deterioration and fuels popular discontent.
• Protests are nevertheless unlikely to pose an existential threat to the Iranian leadership, as they remain fragmented, disorganised, and relatively small in terms of participant

Key View:

• Iranian exports are set for a 'cliff edge exit' from the market in Q418, following the re-imposition of nuclear-related sanctions by the US,
• We hold to our core scenario, which sees exports decline by 1.3mn b/d by end-2019, although acknowledge major risks to the view
• The changeable approach being adopted by the US to its foreign and

Key View: The re-imposition of US nuclear-related sanctions will substantially weaken Iran's economy, and further fuel popular discontent inside the Islamic Republic. That said, with longstanding partners such as China and Russia maintaining engagement, a severe, multi-year depression and resultant political destabilisation appear unlikely to occur

EU steps taken to protect the interests of European companies in Iran send a strong political message, but face major barriers to implementation, given the dominance of the US in the global economy and financial markets. We maintain our view for a reduction in Iranian oil exports in 2019, with substantial decreases in purchases from European buyers

The Iranian economy will see growth accelerate over the quarters ahead, as European, Russian and Chinese commitment to improving relations with Tehran facilitate an uptick in investment. US primary sanctions, limited credit availability, and various structural impediments will nevertheless prevent a boom in the economy, particularly as hydrocarbon

Demographics, social media usage and rising incomes will drive continued demand growth for personal care products over our forecast period. The removal of sanctions will bring in more globally recognised brands, as they look to tap into this expanding market. Challenges around correct pricing and partnering with local distributors will be critical