News / Carriers swift to join global players eyeing the trade potential in a sanction-free Iran

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The signing of a nuclear accord between Iran, the US and five other world powers in Vienna on 14 July has seen ocean carriers begin to jockey for the best position to serve the pent-up demands of 80 million potential consumers.

Although there is some way to go before sanctions will be lifted – depending on inspectors verifying Iran’s compliance – the potential unfreezing of $100bn of assets, the ability to sell oil globally again and an estimated 8% annual GDP ...