Economics
What's Next: Who Gets Hit When U.S. Resumes Iran Sanctions
- U.S. to allow 90- and 180-day wind-down periods for deals
- Iran’s oil industry, financial sector and shipping targeted
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President Donald Trump’s decision to reimpose sanctions on Iran threatens to tighten global oil markets and could derail tens of billions of dollars in business deals.
But the “snap-back” of penalties on Iran isn’t immediate, instead kicking in over six months. That could allow time to negotiate a new accord to replace or supplement the deal agreed to during Barack Obama’s presidency.