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Deal or no deal?

Energy and resources companies that have been steering clear of the complexities of three distinct but overlapping Iran sanctions regimes would have been encouraged by an interim deal between Iran and international community representatives announced on April 2, 2015.

World > Europe-middle-east

Deal or no deal?

Energy and resources companies that have been steering clear of the complexities of three distinct but overlapping Iran sanctions regimes would have been encouraged by an interim deal between Iran and international community representatives announced on April 2, 2015.

The ‘Parameters for a Joint Comprehensive Plan of Action (JCPOA) regarding the Islamic Republic of Iran’s nuclear program’ lays a foundation for a final deal to be agreed by June 30, 2015. It also establishes Iran’s agreement to curtail its nuclear program significantly.In return – and provided that the International Atomic Energy Agency verifies implementation of Iran’s key nuclear commitments – the UN, EU, and US would give Iran relief from certain nuclear-related sanctions.