While it is too early to know what approach Trump might take in his new tenure given his mercurial nature and unpredictable policymaking style, the Iranian economy is not what it was in 2018.

With US President-elect Donald Trump reportedly planning to drastically increase sanctions on Iran and throttle its oil sales, mobilizing the country’s indigenous capabilities in all areas in order to take appropriate countermeasures is essential.

Rolling sanctions imposed on Iran for years have generated a degree of endurance and resourcefulness which enables the country to deal with any possible fallout of Donald Trump’s return to the White House.

A trade body for the global financial industry says Iran's economic benefits would be "modest" even if the protracted talks currently underway in Vienna to coax the US into removing its sanctions on Tehran bore fruit.