Premise: Iran ( ɪ , also ɪ ) , formerly known as Persia , is a sovereign state in Western Asia . Iran is a major regional and middle power , and its large reserves of fossil fuels -- which include the largest natural gas supply in the world and the fourth-largest proven oil reserves -- exert considerable influence in international energy security and the world economy .
Hypothesis: Iran is a sovereign state that still has regional recognition.
Label: NEUTRAL