Oil Interests Pacing Iranian Exploration as Sanctions Lifted

By Alex Yeager

The process back to normalized trade between Iran and the western world has been slow, but major companies are beginning to test the waters. Oil exporters, in particular, have begun to explore the untapped potential in the large Middle-Eastern nation. Both the United States and the European Union have lifted sanctions related to Iran’s nuclear program, but many grey areas remain in determining what constitutes legal trade and commerce between the two nations.