What are the prospects for business with Iran after the June 30 deadline to complete negotiations over Iran’s nuclear program? In exchange for limitations on Iran’s ability to develop nuclear weapons, the European Union (“EU”), the United Nations (“UN”), and the United States (“US”) would lift certain nuclear-related sanctions on Iran. Even with a positive outcome to the next round of discussions on the June 30 deadline, there are several key considerations:

- US secondary sanctions may continue to restrict Iran’s participation in international markets

- Lifting multilateral sanctions on Iran will require coordination and time

- Differences in EU, US, and UN sanctions programs make staggered lifting of sanctions a possibility

- Options for international dispute resolution with Iran are limited