Iran Deal Doesn’t Mean a Green Light for Business

Thursday, 2 April 2015
Foreign Policy

Excerpt: … American companies are expected to be last let back into Iran because they’ve been subject to restrictions on business with Iran for decades longer than other international companies. Even if nuclear-related sanctions are lifted, the United States won’t lift human rights and terrorism sanctions against Tehran that in many cases date from the 1990s. That holds true as well for U.S. sanctions that limit investment by U.S. and Western oil firms in Iran’s oil sector. “Honestly, I don’t think there’s much breath-holding in relevant sectors of the U.S. business community,” Richard Sawaya, head of trade group USA*Engage, said in an email on April 1.

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