US-Iranian relations thawing, but hurdles remain

Diplomatic relations between Iran and the US are expected to thaw, as US trade sanctions against Iran are relaxed and Iran begins removing internal barriers for trade with outside investors. But foreign energy companies seeking business in Iran still face considerable obstacles.Several speakers made those observations at the Eurasia Group Caspian basin forum last week in Houston.The next US president, whether it proves to be Texas Gov. George W. Bush or Vice-Pres. Al Gore, is likely to begin easing sanctions, US Ambassador Robert H. Pelletreau said. He noted that Richard Cheney, Republican candidate for vice-president, has said trade sanctions against Iran should be ended.The potential fo...

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