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US officials: Iran is not open for business _ yet

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DEB RIECHMANN | February 4, 2014 11:57 AM EST | AP


WASHINGTON (AP) — U.S. officials negotiating an international deal to prevent Iran from developing a nuclear weapon say an interim deal signed with Tehran does not mean that Iran is open for business.

Undersecretary of State Wendy Sherman and Undersecretary for Terrorism and Financing David Cohen on Tuesday acknowledged that European businesses are abuzz with preparations to rush back into Iran as some sanctions are suspended in exchange for Tehran agreeing to curb its nuclear program. Both are trying to allay the concerns of lawmakers eager to slap more sanctions on Iran.

Cohen told the Senate Foreign Relations Committee that he has been traveling abroad with the message that Iran is not open for business. Both he and Sherman told Congress that those who violate existing sanctions will be targeted.