ABSTRACT
This chapter examines the economic relations between the United States and Iran. The economic relations between the two nations tend to ebb and flow depending on the domestic politics of the time. The first contact between Iran and the United States for oil exploration and concessions dates back to the first parliament immediately following the Constitutional Revolutions of 1907, during which a discussion regarding exchange of ships for oil occurred although never materialized. The economic relations between the United States and Iran have been through a series of stages beginning with the initial contacts where trade was primarily based upon American interests in commodities and Iranians who could afford luxury goods. Economic structure of the Islamic Republic of Iran is based on three sectors of public, co-operative, and private sectors with structured and appropriate planning. The private sector consists of the portion of agriculture, animal husbandry, industry, trade and services that complement economic activities of the government and the co-operatives.
