May 24, 2016
Nuclear Deal Promised to Spur Investment. Iran’s Still Waiting.
Source: Bloomberg
Journalist: Kambiz Foroohar
When Iran and global powers signed a nuclear deal last year, supporters and detractors agreed on one thing: the accord would get billions of investment dollars flowing into the Islamic Republic. The only question was how much.
The answer so far -- "not much" -- is infuriating Iranian officials, who are demanding more U.S. concessions, including access to dollar-denominated trades, after curbing their nuclear program. In the U.S., opponents of the original agreement are warning against any further easing of restrictions, vowing to hold up Treasury Department nominees to ensure it doesn’t happen.
To read the full article, visit the Bloomberg website.