The U.S. is lifting its nuclear sanctions on Iran as part of the landmark deal, but many business sanctions will remain in place. It will still be almost impossible for most U.S. businesses to set up a physical presence in Iran or partner with Iranian companies.
In contrast, Europe is opening up almost all trade with Iran. The result is likely to be: European companies win, American companies lose. Go to:
“There is not going to be a comprehensive law allowing all U.S. companies to operate in Iran anytime soon. This will make American firms the biggest loser of the nuclear deal,” says Majid Rafizadeh, a Middle East scholar at Harvard.
The latest flare up between Iran and Saudi Arabia could make the U.S. even more cautious about scaling back additional sanctions.

Europe sanctions off, U.S. sanctions stay

The deal that Iran signed with the P5+1 (the U.S., U.K, Germany, France, Russian and China) was built on a simple premise: Iran agreed to open up its nuclear facilities for inspection and monitoring in exchange for international sanctions being lifted. Iran wants out of the economic “time out” it’s been in since 1979.
Now after Implementation Day, Iran will be able to sell its oil again on world markets and its banks will be able to connect to the global system. The U.S. will also allow the sale of commercial passenger aircraft to Iran and imports of Persian rugs and some foods to the U.S.
But the European Union will be far more generous. It plans to make it very easy for European companies to sell everything from cars to railroads to insurance in Iran.
“As many countries rush to sign contracts with Iran ,the Obama administration will have to decide to either put U.S. firms at a disadvantage or issue them licenses,” says Rafizadeh.
U.S. companies still have to apply to the Treasury Department for special permission to do business with Iran.
As the Treasury states clearly on its website, “The U.S. embargo will generally remain in place, even after Implementation Day, because of concerns outside of Iran’s nuclear program.”