Foreign Policy - Mideast Brief:
"The U.N. Security Council unanimously approved a resolution formalizing the Iran nuclear agreement reached in Vienna. The resolution will not enter force for 90 days, but some countries are already moving to thaw economic relations with Tehran. Germany will hold an economic summit with Iran sometime later this summer or early this fall, according to an Iranian news agency. It will be the first economic conference between the two countries since 2002, before the imposition of U.N. and European sanctions. Other firms are expected to wait until the U.S. Congress votes on the agreement, sometime within the next two months. “The amount of interest in Iran has been unbelievable,” Tehran-based foreign investment specialist Ramin Rabii told the Guardian. “This is a geopolitical earthquake.”
Some members of the U.S. Congress chafed at the U.N. resolution, saying it undermined their review process. Secretary of State John Kerry responded by noting that the United States had secured the 90-day delay in implementing the U.N. resolution to allow that process of review. “But frankly, some of these other countries were quite resistant to the idea as sovereign nations that they are subject to the U.S. Congress,” he noted. “So we worked out a compromise.”"
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