The E3+3 (or P5+1) group of world powers, including the United States, signed in July 2015 a nuclear deal with Iran. Since then, U.S. and European companies have been frantically searching for profitable economic opportunities in Tehran and elsewhere, announcing a number of contracts for oil, automobile or aircraft industries.
Simultaneously, U.S. elected politicians including former candidates having sought their party’s nomination for the 2016 presidential election have deployed important activity with a view to cancelling the deal and reactivating tough sanctions against Iran. Their efforts are beginning to bear fruit in DC considering the important political impact of the USD 400 million in cash given by the Obama administration to the Iranian government for the release of four American nationals in January 2016.
Three months later, Cyceon warned French and Italian companies that the guarantees provided by the U.S. State Department did not constitute a sufficient legal basis for the smooth continuation of their activities without risking the consequences of possible new U.S. sanctions. Cyceon therefore renews its warning today as such a hypothesis is strengthening in proportion to the possibility of Republican nominee Donald Trump being elected as the next POTUS in November 2016.