Publication

In light of a potential agreement in the P5+1-Iran nuclear negotiations, this paper examines how the removal of international sanctions on Iran is likely to proceed and how this will affect the country's economic prospects. The authors contend that the removal of sanctions would provide significant economic relief to Iran, enable the country to reenter the global market and expand its economically key oil sector. However, they also suggest this economic transition will take some time as investors are likely to be cautious about moving into the country, partly due to the uncertainty surrounding future political and diplomatic developments such as whether Iran will abide by the terms of a deal. Finally, they provide recommendations for the US and its allies on what policy to adopt towards Iran following a deal.