Iran: Implications of sanctions deal
Overview
This article discusses the outlook for Iran's economyand the implications for equities, fixed income and currencies and oil, following the US, UK, Germany and the UN Security Council's agreement with Iran that the country will freeze its nuclear arms program in return for sanctions relief.
Some highlights include:
- There will be substantial relief from existing trade and current account restrictions (e.g. oil and gas sector, manufacturing, banking, finance).
- Investments in the oil and gas sector will be permitted. Investment in Iran’s sovereign-debt market will be permitted. Iran’sforeign assets will be unfrozen.