AFP:

US President Donald Trump appeared to catch Tehran off guard on Monday when he announced "direct talks" between the arch-foes over Iran's nuclear programme, having previously threatened to bomb the Islamic republic.

Despite previously having expressed major reservations over the talks, Tehran has agreed to participate but through an intermediary.

What does Iran want?

The priority for the Islamic republic is the lifting of biting sanctions that have placed a stranglehold on the energy-rich country's economy for decades.

In 2015, a landmark deal was reached between Iran and major powers including the United States, offering sanctions relief in exchange for curbs on Iran's nuclear programme.

The deal, known as the Joint Comprehensive Plan of Action (JPCOA), also provided for the eventual return of Western investments into Iran.

At the time, Iranians were hopeful that the deal would reflect in improvements in their economic conditions and end their country's isolation.

But that hope was short lived as in 2018, during Trump's first term in office, Washington unilaterally pulled out of the deal and reinstated sanctions.

Ever since, the value of the Iranian rial has plummeted against the dollar, fuelling high inflation and unemployment and leaving much of the population impoverished.

"If Iran manages to break the chains of the sanctions, it can achieve a considerable economic resurgence," economist Fayyaz Zahed told AFP.

In addition to some of the highest oil and gas reserves in the world, Iran also enjoys unique geography and has great potential to build its tourism industry and develop infrastructure.

Its 86 million people also represent a large untapped market, a predominantly young and educated urbanised population with an average age of just 32.

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