The nuclear deal between Iran and the six world powers has put the spotlight on a giant Iranian market, long isolated from the global economy. Under international sanctions, Iran has been shut off from the global financial system since 2012, with $130 billion of Iranian Central Bank assets frozen in foreign banks. The July 14 deal has now raised the prospect of those assets being unlocked, which would mean a giant flow of cash into the Iranian economy.
The lifting of sanctions on Iran, the neighbor with which Turkey shares its second-longest border after Syria, has generated great excitement among Turkish companies, especially those in the industry, commerce, tourism and construction sectors.