Is the U.S. Planning to Remove Certain Sanctions on the Iran Oil and Shipping Industries?

Reuters is currently reporting that Iran claims the United States has agreed to remove all sanctions on Iran’s insurance, oil, and shipping industries.  Iran also claims the U.S. is planning to remove a number of high-ranking officials from the U.S. Specially Designated Nationals list (SDN).  The U.S. and five (5) other world powers have been in talks with Iranian officials since April to work towards restoring the 2015 Joint Comprehensive Plan of Action (“JCPOA”).  The talks remain ongoing in Vienna.

We are closely monitoring the situation and will provide further updates when there is official U.S. regulatory action to report.

For more information, please contact us at