Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
One of the chief beneficiaries of this week's easing of sanctions on Iran is the country's ruler – Supreme Leader Ayatollah Ali Khamenei.Khamenei controls a massive business empire known as Setad that has invested in Iran's petrochemical industry, which is now permitted to resume exports. Under a six-month deal between Iran and world powers, Tehran has promised to scale back its nuclear development program in exchange for the suspension of certain economic sanctions, including curbs on the export of petrochemicals.The list includes three firms that the department said last year are controlled by Setad – Ghaed Bassir Petrochemical Products Co, Marjan Petrochemical Co and Sadaf Petrochemical Assaluyeh Co.Washington targeted Iran's petrochemical industry last year, with an Obama administration official saying the sector had become a significant source of Iran's foreign earnings.U.S. citizens and American-owned companies are still prohibited from doing most business with Iran.
FOLLOW THIS ARTICLE