Donald Trump has made an announcement about a $300 billion partnership with India’s largest firm, Reliance Industries, on a massive oil refinery in America.

The Iranian economy has been greatly impacted by sanctions from around the world, which has led to a restriction in oil exports as well as access to global financial systems. As a result, inflation rates have risen dramatically, while the local currency has lost considerable value. In addition, Iranians are struggling with increasing economic conditions such as unemployment.