Iran sanctions end, Brent dips under $28 and global stocks are down. Here are some of the things people in markets are talking about today.
The United Nations’ nuclear agency announced Saturday that Iran has complied with the terms of an international agreement to curb its nuclear development program, allowing sanctions against that country to be lifted. This will allow Iranian banks to reconnect to the Swift system for international financial transactions, allowing capital to flow into - and out of - the country freely. The U.S. did apply new sanctions on Iran on Sunday over its missile program, but they are very limited in the context of the controls that have just been lifted.