Is Easing Iran Sanctions The Right Move?
Much of the criticism of the interim nuclear deal reached with Iran Sunday has focused on the sanctions relief Iran will receive over the next six months if it follows through on restricting its nuclear program. Although the only irreversible relief being offered is a gradual release of $4.2 billion in frozen Iranian revenue, critics warn that the "architecture of the sanctions regime has been undermined." Analysts say all the important sanctions hampering Iran's economy remain in place, but the announcement of the deal itself is having a psychological impact on markets. Asian energy importers will be looking to benefit, as will Turkey and Dubai.