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Little access to Iran for US banks despite nuke deal

Most "primary" sanctions tied to accusations that Teheran supports terrorism remain in effect, hindering US firms

Published Sun, Feb 14, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

New York

IRAN remains essentially off limits to US banks, despite the lifting of some US sanctions following the landmark Iranian nuclear deal.

The Obama administration in mid-January eased several restrictions on doing business with Iran, including former "secondary" sanctions that had threatened to penalise companies outside the US for their business with Iran, as well as some restrictions on Americans seeking to make inroads in the oil-rich country.

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