Iran presses for banking agreement to facilitate sanctions pact


The country’s national airline has provisionally agreed to buy U.S. and European aircraft worth over $50 billion at list prices, marking a high-profile test case for the reopening of its economy under a deal with world powers to ease sanctions.

Nine months after the sanctions deal took effect, foreign banks are reluctant to get involved because of concerns that they could be caught up in restrictions applying to U.S. banks, which are still banned from doing business with Iran.

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