Iran Sanctions Relief Could Begin This Week

Easing Will Begin With IAEA Confirmation

The IAEA is expected to certify in just a matter of days that Iran is in full compliance with the P5+1 nuclear deal, months ahead of when officials thought they’d be able to get it done. This would oblige the US, along with the rest of the world, to begin sanction relief, meaning that could happen this week.

Questions remain, however, particularly on how much the US relief will actually amount to, as officials seem keen to impose some new sanctions on Iran that will overlap with the ones they are obliged by the deal to remove. Still, Iran is expected to see a cash influx of as much as $100 billion from frozen assets.

This large amount of cash is expected to fuel a modernization spree for Iran, and several EU nations are likely to get their relief in place as soon as possible, in hopes that their companies can get some of this bounty of new business.

Iran’s civilian airliners are expected to be a top priority, and Iran has also talked up spending on modernizing their oil production, though the low price of oil may make a lot of that no longer economical.

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Author: Jason Ditz

Jason Ditz is news editor of Antiwar.com.