State Readies to Restore Iran Sanctions in Absence of Nuclear Deal

The Obama administration still aims to restore sanctions on Iran on July 1 if the two sides don’t reach a nuclear enrichment deal before a critical deadline the day before, said the State Department (here). The U.S., Iran and several world powers struck a tentative deal on the nuclear negotiations in early April (see 1504020058). U.S. industry is eyeing more Iranian market access as part of more comprehensive sanctions relief (see 1412090026).