Tehran Granted 60-Day Reprieve: Time Gained, But Capital Remains Elusive

Iran has gained access to some of its assets within a 60-day period, but experts say this development only buys Tehran time, without making significant progress in attracting capital.The lifting of sanctions on Iran requires substantial legislative changes in Congress, a process made more difficult by Republican criticism.Furthermore, private banks and international companies are not expected to return to the Iranian market anytime soon, due to the deep-seated mistrust caused by 40 years of sanctions and crisis.'Iran has gained access to some of its assets within a 60-day period, but this development only buys Tehran time, without making significant progress in attracting capital.'In the long term, the value of oil licenses could reach tens of billions of dollars, but this is only part of the issue. The complex web of sanctions remains largely unresolved.'Iran has gained access to some of its assets within a 60-day period, but this development only buys Tehran time, without making significant progress in attracting capital. Legislative changes are needed in Congress, and deep-seated mistrust persists among companies.'