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.
Last 5 posts by Jason Ditz
- Exodus From Eastern Ghouta as Syrian Army Appears to Near Victory - March 18th, 2018
- Pentagon Defends Keeping Niger Attacks Secret - March 18th, 2018
- Trump Administration Scrambles to Convince Congress Not to Halt Yemen War - March 18th, 2018
- Sen. Corker Predicts Trump Will Withdraw From Iran Deal in May - March 18th, 2018
- May Says Britain Considers More Steps Against Russia in Coming Days - March 18th, 2018