The lifting of Iran’s sanctions presents new opportunities for banks. Some are interested in going in Iran and some are not. CT investigates who is in and out.
SWIFT has allowed Iranian banks to reconnect to its networks since the official lifting of nuclear-related sanctions. However, global banks will not be entering Iran for a long time.
China and Singapore have been left off a new list of countries exempted by the US from oil trade with Iran. The decision appears to be made based on the reduced volume of trade conducted, but the US has been cagey to make thresholds, if any, public.