Under these conditions, the immediate and maximum use of diplomatic capacity to prevent a global consensus against Iran is an unavoidable necessity – writes Mardo Soghom

Iran faces an annual inflation rate of 75 percent and a gross domestic product decline of 3 percent, according to a report by the Iranian Chamber of Commerce leaked to the local press. The cause is the looming re-imposition of United Nations sanctions later this month. In recent weeks, many government insiders have sounded the alarm, urging the regime’s core leadership to do whatever is necessary to prevent the sanctions from taking effect.

Since 2018, when President Donald Trump withdrew from the Joint Comprehensive Plan of Action nuclear deal, the Islamic Republic has endured crippling US sanctions. But the impact of Trump’s “maximum pressure” campaign could intensify once United Nations sanctions return. Many Asian companies that have cautiously engaged with Iran may withdraw entirely, even if their governments—such as China—turn a blind eye. The greatest damage could hit the financial sector, where entities and individuals in countries like the United Arab Emirates and China were, until now, willing to facilitate Iran’s banned banking transactions.

Nevertheless, the regime’s core, led by Supreme Leader Ali Khamenei, continues to resist the concessions demanded by European powers and the United States. In........

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