The re-opening of the Iranian market presents much opportunity
News of the relaxing of nuclear-related sanctions against Iran has been met with significant interest from the business community. Firms from a range of sectors have announced their intentions to enter the Iranian market, and several European trade delegations are expected to visit Tehran in the coming weeks.
The re-opening of the Iranian market presents much opportunity, especially for the Oil & Gas sector, but also continues to pose significant risk. Third-party and reputational risks from politically exposed and sanctioned individuals will be high, and due diligence on business opportunities will be essential.