Lifting Sanctions on Iran a Mixed Bag
by John Browne
Euro Pacific Capital
From a financial perspective, the New Year has been anything but happy. As of January 20th, the S&P had fallen over 9% since the beginning of the year, to levels not seen since 2014,reflecting a loss of some $2 trillion in market value. Compounding matters was the 30% collapse in oil prices, which brought crude down to the lowest levels in 13 years. The New Year has also seen further evidence of recession in the U.S., which has appeared in a string of bad manufacturing service sector data.
Into this volatile mix comes news that the conclusion of nuclear talks with Iran and its release of Western hostages has led to a lifting of sanctions on Iran. These developments allow Iran, a country of nearly 80 million people, to reintegrate into the world economy after years of sanctions stemming from its nuclear program. This process will have a dramatic, but, as yet, undetermined impact on the already fractured Middle East and on the increasingly connected global economy.
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Source: http://financialsurvivalnetwork.com/2016/01/lifting-sanctions-on-iran-a-mixed-bag/?utm_source=rss&utm_medium=rss&utm_campaign=lifting-sanctions-on-iran-a-mixed-bag
