Switzerland to lift Iran sanctions

Fifth, as the chief U.S. negotiator, Wendy Sherman, recently testified, to force Iran to come clean on all past nuclear activities by the Iranian military.

Why? Because at the same time, the U.S. government has consummated a deal with the largest sponsor of terrorism and instability in the Middle East, Iran, to curb its nuclear ambitions for 10-15 years. The president could respond to a Congressional vote of disapproval by reopening negotiations with the parties, coming up with a more effective agreement, and then asking Congress to vote on an improved deal.

Indeed, if legislative leaders in Michigan have their way, Michigan will join Kansas and Mississippi in considering additional sanctions to discourage companies doing business in the state from entering Iran’s potentially lucrative markets.

An global Atomic Energy Agency (IAEA) meeting later this month will consider how to finance the monitoring of Iran’s nuclear deal with world powers, a crucial step toward an eventual end of sanctions on Tehran, Reuters reports.

The Joint Comprehensive Plan of Action (JCPOA) between the US, the United Kingdom, Germany, France, China and Russian Federation resulted in Iran reaffirming that under no circumstances would it ever seek, develop or acquire any nuclear weapons, it said.

Iran’s cost of doing trade will also fall, increasing not just the volume but the value of its oil trade and non-oil trade.

The World Bank’s report estimates that exports from Iran will eventually increase, too, by about US $17 billion, which is about 3.5% of its GDP. This new output could be added to vast supplies of oil that are already held in tankers off the shores of Iran, ready to ship to market and bring the Islamic Republic a further cash influx. They will be competing with investors from Asia, Turkey and the United Arab Emirates, which are also actively preparing to reenter the Iranian market as soon sanctions are lifted.

Zangeneh issued separate letters to directors of oilfield operating and terminals companies as well as the National Iranian Oil Company (NIOC) global Affairs, ordering the raise, the Mehr news agency reported. “Partly because of our sanctions, the Iranian government has over half a trillion dollars in urgent requirements, from funding pensions and salaries to paying for crumbling infrastructure”. Third, to take away its power to enrich uranium. Iran will mothball some of its centrifuges, but it will not dismantle or close any of its nuclear facilities. What these resources can achieve at best is to prevent the defeat of Iran’s allies and help them endure longer in the ongoing conflicts.