On Friday before holidays, the Obama administration took another step in favor of Iran by removing some of the obstacles on doing business with entities within the country. On the same day, the US Treasury released new rules that specified US wouldn't sanction foreign companies and individuals doing business with boycotted Iranian entities, provided they maintain only minority interests in the projects.
Almost a year after the signing of the JCPOA, the final nuclear deal, Iran has practically turned into a promised land for European companies, who for long were dreaming to enter its markets. Reports say 16 countries, including the Europeans as well as China and Russia are finding their way into Iran's markets. Sigmar Gabriel, German Minister of Economy, was probably the most effective one, who took 200 German businessmen with him when he recently visited Tehran.
In Iran, President Hassan Rouhani is welcoming foreign investors to push forward an in-house power struggle against his hardline competitors. It seems both foreign investors and the so called moderates of Iran are in need of each other. Success in their union, however, does not seem to be very handy.
