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BCA Research

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Founded Year

1949

About BCA Research

BCA provides global macro research and independent investment research. It is based in Montreal, Quebec.

Headquarters Location

1002 Sherbrooke Street West Suite 1600

Montreal, Quebec, H3A 3L6,

Canada

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Latest BCA Research News

World Cup: USA vs Iran take the field and play a match bigger than football

Nov 28, 2022

Share - Advertisement - Oil and nuclear weapons are at the heart of the dispute that goes beyond the field between the USA and Iran for the World Cup in Qatar When United States and Will enter the field next Tuesday (29) by world Cup of Qatar much more will be at stake than a simple game of football???????? On the one hand, the dispute shows how geopolitical tensions seep into the sport which, in turn, can provide space for some diplomacy between these two rivals. It will be the second time that the two teams will face each other in a world tournament. The first time, in the 1998 World Cup, in France, the Iranians won by 2-1, marking the first victory of the Persian country in the competition. - Advertisement - In terms of football, the match was meaningless as both teams were knocked out of the group. “But the game was announced as the ‘most politically charged in football history’”, recalls BCA Research, in a report. Tension and truce in the field Partner in a special report by the Canadian consultancy, chief strategist Marko Papic recalls that tensions began to rise before kick-off. This is because the regulation of FIFA determines that players from teams categorized as “Team B” must walk up to players from “Team A” and shake hands in the middle of the field. - Advertisement - However, supreme leader Khamenei had given express orders for the Iranian team – “team B” in the match – not to approach the US players. In the end, a deal was reached, and the US broke FIFA protocol by walking up to the Iranian team to shake hands. In return, the Iranian team gave the US team white flowers in a symbol of peace. “The teams took their pre-game photo together in what many have described as one of the greatest acts of rapprochement between the two nations since the iranian revolution 1979”, says Papic. In Qatar, the dispute is different What to expect, then, for the World Cup this year? “The president [dos EUA, Joe] Biden certainly hopes that a repeat of 1998 can once again bring the two nations closer together”, evaluates the strategist. At stake would be the nuclear negotiations between the two countries. After all, a renewed nuclear deal would relieve some of the pressure on oil prices. Petroleumthus increasing the chances of the Democrats to maintain the White House in 2024, after losing the House of Representatives in midterm elections earlier this year. “Still, several restrictions make a nuclear deal improbable”, adds Papic. After all, political polarization in the US could undo an eventual nuclear deal by the next government. With that, Iran may prefer achieving nuclear capability to any temporary diplomatic deal. The examples of Ukraine???????? Libya and North Korea show that treaties do not bring the security of a nuclear weapon???????? “Iran’s bet seems to be to race to achieve nuclear capability, which is a permanent impediment to a Western attack”, assesses the strategist, in the BCA Research report. Therefore, the 2022 World Cup is unlikely to offer the same opportunity for diplomacy that 1998 did. However, what is clear is that, once again, political developments have reached the football pitch. Follow Money Times on Facebook! Connect with journalists and readers of Money Times???????? Our team brings the most important discussions of the day and you participate in conversations about the news and analysis of everything that happens in Brazil and in the world. Click here and start following the Money Times Facebook page! Source: Moneytimes

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BCA Research Frequently Asked Questions (FAQ)

  • When was BCA Research founded?

    BCA Research was founded in 1949.

  • Where is BCA Research's headquarters?

    BCA Research's headquarters is located at 1002 Sherbrooke Street West, Montreal.

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