Brian and Tim tackle the big news that formal talks are finally starting on JCPOA 2.0.  We break down what that means for the U.S., Iran, and what sanctions relief may look like under a revised deal.  Then, we give the Lightning Round treatment to the latest U.S. announcement regarding Hong Kong, more Burma sanctions, the possible elimination of an important OFAC general license in Belarus, the end of the ICC sanctions program, and a recent OFAC enforcement action against Nordgas.

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EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts.

Roadmap:

Introduction

JCPOA 2.0

Lightning Round
Hong Kong is Still Part of the PRC
More Burma Sanctions
A Belarus Segment!
ICC E.O. May Be Revoked
OFAC Settlement with Nordgas

Final Thoughts

***Stay sanctions free.***