US-Iran Deal Unwinds 1979-Era Sanctions as Trump Eases Oil and Financial Curbs
Updated
Updated · Bloomberg · Jun 28
US-Iran Deal Unwinds 1979-Era Sanctions as Trump Eases Oil and Financial Curbs
3 articles · Updated · Bloomberg · Jun 28
Summary
Decades of US sanctions on Iran are being rolled back under a new US-Iran deal, leaving governments, banks and companies to navigate a fast-changing mix of fresh permissions and lingering restrictions.
The Trump administration is easing oil and financial curbs to support a broader bargain aimed at ending the war with Iran, reopening the Strait of Hormuz and lowering global energy prices.
Iran had become one of the world's most heavily sanctioned countries after the 1979 revolution, with penalties tied to its nuclear program and support for regional militias.
The sanctions reversal follows a memorandum of understanding signed earlier Saturday, which framed the accord as a strategic pause rather than a full peace treaty and has already drawn protests inside Iran.