Iran reportedly plans to rein in the IRGC’s economic activities. But the move seems to be a political gesture rather than an attempt to open up the economy.

Following last month’s widespread socio-economic protests Iran’s Supreme Leader Ali Khamenei has ordered the Islamic Revolutionary Guard Corps (IRGC) and other branches of Iran’s armed forces to reduce their involvement in the country’s economy. If followed through, this would have a seismic impact on the...