WarSclerotic

US: Iran ‘not open for business’ – The Straits Times.

WASHINGTON (AFP) – United States officials declared on Tuesday that Iran is “not open for business” and vowed to scrutinize the companies heading to the Islamic republic since it entered a temporary nuclear agreement.

Testifying before skeptical lawmakers, President Barack Obama’s administration detailed initial sanctions relief to Iran, including the transfer of US$550 million (S$697.9 million) in frozen oil revenues as part of a six-month nuclear agreement.

But Ms Wendy Sherman, who is spearheading the diplomacy with Tehran, said that the United States was warning the growing number of business delegations heading to Iran that sweeping sanctions remained in place.

“Tehran is not open for business because our sanctions relief is quite temporary, quite limited and quite targeted,” Ms Sherman, the under secretary of state for political affairs, told the Senate Foreign Relations Committee.

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