21 Jul '15     home | previous

Iran Deal Repercussions

Germany is taking steps to revive trade with Iran. Its economy minister, Sigmar Gabriel, is in Iran, talking about economic ties. Gabriel is described as wanting to strengthen ties with Iran's energy sector, which at its height produced more oil than Saudi Arabia. Iranians speak of billions of dollars of investment needed to revive the industry, crippled by years of sanctions. Iran's oil minister says "it seems like the German companies and state have political determination to help Iran put the era of depression behind it, we have never had tense relations with Germany."

Also in the news today is the UN security council's fifteen members having unanimously endorsed last week's nuclear agreement. That endorsement angers some in the US Congress. They see it as a threat to their significance.

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