Banks cannot invest in Iran without US guarantees - FT.com:
"John Kerry, US secretary of state, unveiled a historic deal with Iran in July 2015. This was supposed to be a key part of the Obama legacy: in exchange for Tehran freezing its nuclear programme, Washington pledged to lift many sanctions — a move that was supposed to enable money to flow into Iran again to kick-start economic growth.
The concept sounded momentous — for Iran and the US. A year later, however, this vision is not quite playing out as planned. Never mind the fact that the deal is loathed by many Republicans; so much so that Donald Trump, the party’s presidential candidate, has promised to rip it up if he gets into power. And leave aside the resentment that parts of the Iranian government still feel."
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