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NOV 28, 2013 - TheStreet

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Sanctions Relief Offered to Iran Has Begun

by Aya Batrawy and Jonathan Fahey DUBAI, United Arab Emirates -- The sanctions relief offered to Iran by the U.S. and five world powers has begun to get the gears of commerce slowly turning again in an economy that remains in shambles. The Obama administration estimates relief from some sanctions in exchange for a temporary pause in Iran's nuclear enrichment program will amount to just $7 billion. That's a meager amount for the economy of a nation of nearly 80 million people - it's less than one month's worth of Iran's oil production and just 7% of Iran's overseas cash that ... Read More

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