On January 16, 2016, the International Atomic Energy Agency verified that Iran had implemented key measures under the Joint Comprehensive Plan of Action. As a result, nuclear-related sanctions previously imposed by the United Nations, the European Union, and the United States were lifted. The removal of these sanctions opens up a wide range of possibilities for investment in and trade with Iran.
In “Post-Sanctions Economic Opportunities and Risks in Iran,” Former Undersecretary of State for Economic Growth, Energy, and the Environment Robert D. Hormats outlines the deeper economic, financial, and business challenges that may remain in a post-sanctions Iran and suggests that optimism regarding the country’s economic health must be tempered.