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Unclear on US Rules, Banks, Corporations Wary of Doing Business in Iran

Three months after the implementation of the Iran nuclear deal, banks and other corporations are wary of doing business in the country due to concerns over running afoul of U.S. sanctions, especially as U.S. lawmakers ponder a clampdown over Iran’s missile development. The 2015 deal unfroze up to $100 billion in Iranian assets at overseas banks, loosened many restrictions on business transactions with the country, and reconnected Iranian banks to the SWIFT inter-bank global messaging...

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