This report provides a general overview of Iran's economy, addresses related U.S. policy concerns, and discusses policy options for Congress. The purpose of this report is two-fold. First, it provides insight into important macroeconomic trends, policy reforms and objectives, key economic sectors, international trade patterns, and sources of foreign exchange. Second, in the context of U.S. economic sanctions imposed for national security and foreign policy reasons, the report evaluates Iran's economic structure, strengths, and vulnerabilities and discusses issues and options for Congress.

This report discusses Iran's national security policy. Some experts forecast that Iran's foreign and defense policies might shift after international sanctions were eased in January 2016 in accordance with the July 2015 multilateral nuclear agreement with Iran (Joint Comprehensive Plan of Action, JCPOA).