- A number of international companies could benefit from the easing of sanctions on Iran, including in the areas of cars, petrochemicals, aviation parts, gold, and insurance for oil cargoes.
- Peugeot Citroen and Renault are particularly pleased, while Bayer (OTCPK:BAYZF), synthetic rubber supplier Lanxess (OTCPK:LNXSF), France's Arkema (OTCPK:ARKAF), and Belgium's Solvay (OTCQX:SVYSF) could also benefit.
- However, because the EU's oil embargo will remain in place, major oil providers such as Total (NYSE:TOT), Eni (NYSE:E) and Statoil (STO) won't enjoy an immediate boon.
- American companies don't stand to profit either, due to a decades-old ban on trade between the U.S. and Iran.