Tokyo to lift sanctions on Tehran: FM

In July, Senator Bob Menendez, the most outspoken Democratic Party critic of Obama’s foreign policy, voiced his strong concerns about the deal. And all of this, as convoluted as it may sound, brings us to the story of ten captured United States Navy sailors who, for 40 minutes earlier this month, wandered off course and into Iranian waters. The nuclear deal that has unlocked Iran’s economy contains provisions that would reimpose sanctions under certain circumstances at any time within a 10- year period after the deal starts, laying a potential trap for investors with money in the country.

Sen. John McCain who heads the Senate Arms Services Committee said he did not expect the Obama administration to impose tougher sanctions on Iran and that lawmakers “will have to try to act as a Congress”. Other factors that could stall investment include residual sanctions, a shortage of project finance, and political risks ranging from protectionism to the potential collapse of the nuclear deal, lawyers and consultants say. The Saudis had always been opposed to the agreement, but has publicly said it will support it so long as Iran’s nuclear facilities are rigorously inspected.

If both sides – pro and against nuclear deal – have been telling the truth about their arguments, the path ahead offers common ground for opponents and supporters to work together. But, even if the main contracts are accorded to Western companies, they could sub-contract some of them to Turkish companies because Turkey has a competitive advantage for the provision of many consumer goods.

Since the tentative 2013 agreement, Zarif said, Saudi officials “have been panicking”.

While 20 percent of the country’s gross domestic product is in the energy sector, oil remains at a record-low $29 a barrel.

Iran’s only nuclear power plant -Bushehr, which was inaugurated in September 2013, has a capacity of producing 1000 megawatts of electricity.

TOKYO – Japan on Friday lifted sanctions on Iran, falling in line with major world powers after the United Nations (UN) atomic energy agency confirmed last weekend that Tehran had fully taken steps to curb its disputed nuclear programme.

While noting that Iran is now entitled to billions of dollars in sanctions relief, Obama noted that differences remain between Washington and Tehran and announced new sanctions for Iranian missile tests.

The Mideast commercial hub of Dubai would be the most likely place in the seven-state Emirates federation for Iran to move its funds. According to the White House, the deal has pushed the time it would take Iran to acquire materials for a nuclear weapon from two months to a full year.

Iran has been a longtime supporter of Assad, while Saudi Arabia has provided the rebel factions fighting Assad with financial assistance and weapons. Whichever country is given the main construction contracts by Iran, Turkish companies could help them as sub-contractors. Iran says it welcomes USA and European companies, but has made clear it will also look towards Russian Federation and China. How did they think the Americans were going to be released, if not a prisoner swap with Iranians convicted of violating sanctions?

He also said that there are such great demands on the Iranian government to develop the country that “there is no way they can succeed in what they want to do if they are very busy funding a lot of terrorism”.