Primary sanctions that bar U.S citizens and companies from business with Iran will remain.
- US removed a wide range of sanctions against Iran after International Atomic Energy Agency (IAEA) confirmed that Tehran has met its commitments to roll back its nuclear programme.
- The U.S has only removed secondary sanctions that restrict the dealings of other countries with Iran.
- The removal of restrictions on its oil, petrochemicals, banking, natural gas and port sectors will hugely benefit Iran and allow it to reenter the global market.
- This also help India’s plans in Iran, include the Chabahar port, an Indian Oil petrochemical plant and the proposed Iran–Pakistan–India (IPI) gas pipeline.