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Oil industry awaits Iran's Implementation Day, but don't be fooled by the name

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Iran hikes gasoline prices amid cash crunch from US sanctions

Listen: Oil industry awaits Iran's Implementation Day, but don't be fooled by the name

Implementation Day of the Iran nuclear deal is potentially just around the corner, when the US and EU will lift sanctions on Tehran's oil sector. But don't be fooled by the name. With that opportunity comes risk, as many other sanctions -- notably a US trade embargo -- will remain in place.

With many companies confused about what will be allowed and what won't, Platts senior editors Brian Scheid and Herman Wang try to sort through all the rules with the help of Anthony Patten, a sanctions compliance lawyer with Shearman & Sterling.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at and

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