Iranians Still Waiting for Nuclear Deal Payoff

Aryan, a 26-year-old with a master’s degree in engineering, showed impeccable timing when he returned home to Tehran from Canada. It was early 2016, and a decade of economic sanctions was drawing to an end, boosting Iran’s economy and kicking off a scramble for the country’s small pool of white-collar professionals. The job offers piled up. “Abroad, you’re a small fish in a big pond,” says Aryan as he unwinds in a garden cafe after a day spent drafting investment strategies for clients of the European consulting firm he works for. (He asked that his last name and the name of his employer be withheld.) “Here, each person can be the first to launch something or become a leader in their field.”

The thriving metropolitan upper-middle class that Aryan represents is a natural constituency for President Hassan Rouhani, who’s seeking a second term in the May 19 election. The nuclear deal he secured with world powers in 2015 lifted a host of crippling sanctions, drawing $12 billion in foreign investment and enabling a jump in oil output. Economic growth in Iran rose to more than 6 percent last year, after contracting 1.6 percent the previous year, according to International Monetary Fund estimates.