European companies beat US to Iran business after nuclear deal reached

he ink was barely dry on the agreement with Iran to limit its nuclear programme before a German government plane packed with the nation’s economic elite touched down in Tehran.

The trip was the first in a rush of European ministers and business people flocking to a market poised to reopen after years of grinding sanctions. Upscale Tehran hotels are packed and tables at trendy restaurants are scarce as foreigners jostle for bargains, even amid uncertainty over whether President Obama can overcome US congressional opposition to the deal.

The stream of visitors to Tehran is the latest sign of the Atlantic-wide divide between the US and Europe, where there is scant opposition to the pact that aims to crimp Iran’s nuclear ambitions.

  • The Butterfly


    • There were American companies allowed to deal with Iran in certain goods classes.

  • WalterBannon

    yet another example of why we should have carpet bombed Germany with nukes in WW2…

    • MRHapla

      They can save themselves the third time,,,,,,,,,,,,,,,

  • Norman_In_New_York

    They’d better make their deals now before President Trump cracks down on them.