Clarity from the Treasury
The Treasury will begin giving companies 90-120 days to exit activities with Iran.
- After 90 days, sanctions will be re-imposed on the purchase or acquisition of US dollars by Iran.
- After 90 days, sanctions will be re-imposed on metals, and auto sector
- After 90 days, will revoke authorization for export to Iran of aircraft, parts and services (Boeing has about $20B of orders to Iran)
- Oil-related sanctions will be re-imposed after 180 days
These details aren't getting a great reception in markets.
