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US sanctions have been a major feature of US Iran policy since Iran’s 1979 Islamic revolution, but the imposition of UN and worldwide bilateral sanctions on Iran that began in 2006 and increased dramatically as of 2010 is recent by comparison. The objectives of US sanctions have evolved over time. Broad international sanctions imposed on Iran harmed Iran’s economy and contributed to Iran’s acceptance of agreements that exchange constraints on its nuclear program for sanctions relief. The subject of this study is important because both Iran and the international communities are demanding for information about the effect of sanctions on Iran. In an international and regional perspective, it seems that sanctions have a negative impact on economic, social and even political status of Iran. Therefore, this paper aims to examine the impact of Iran Central Bank sanction on Tehran Stock Exchange as on December 31, 2011.

Variables of model are consisted by exchange rate, oil prices and Tehran Stock Exchange Price Index (TEPIX) from October 2, 2011 to March 29, 2012, which is offered daily. To analyze the model, the authors used Johansen–Juselius and Autoregressive Distributed Lag (ARDL) methods.

The results indicate that there is a long-run equilibrium relationship between selected variables as oil prices, and exchange rates have a positive effect on the TEPIX. In other words, the results of the econometric estimation show the positive effect of the Iran Central Bank sanction on the TEPIX. Thus, because of economic sanctions imposed by the Western countries, Tehran Stock Exchange has been growing.

No empirical research exists that examines the impact of sanctions on stock price in developing countries. This study fills this gap by examining the links between sanctions and stock price in Iran.

Acute shortage of potable water and energy supplies is expected to raise in developing countries in the near future. One solid way to address these issues is to exploit renewable energy resources efficiently. Hence, this study aims to investigate wind and solar energy use in the coastal areas of southern Iran for renewable-powered seawater desalination and hydrogen production systems.

To accomplish the aforementioned purpose, five areas most prone to the problems in Iran, namely, Mahshahr, Jask and Chabahar ports and Kish and Hormoz islands were scrutinized. To ascertain the amount of wind and solar energy available in the areas, Weibull distribution function, Angstrom–Prescott equation and HOMER software were used.

The findings indicated that wind energy density in Kish was 2,014.86 (kWh/m².yr) and solar energy density in Jask equaled to 2,255.7 (kWh/m².yr) which possessed the best conditions among the areas under study. Moreover, three commercial wind turbines and three photovoltaic systems were examined for supplying energy needed by the water desalination and hydrogen production systems. The results showed that application of wind turbines with rated power of 660, 750 and 900 kWh in Kish could result in desalting 934,145, 1,263,339 and 2,000,450 (m³/yr) of seawater or producing 14,719, 20,896 and 31,521 (kg/yr) of hydrogen, respectively. Additionally, use of photovoltaic systems with efficiency of %14.4, %17.01 and %21.16 in Jask could desalinate 287, 444 and 464 (m³/yr) of seawater or generate 4.5, 7 and 7.3 (kg/yr) of hydrogen, respectively.

Compared to the huge extent of water shortage and environmental pollution, there has not been conducted enough studies to obtain broader view regarding use of renewable energies to solve these issues in Iran. Therefore, this study tries to close this gap and to give other developing nations the idea of water desalination and hydrogen production via renewable energies.