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Ed Royce

Kerry: US won't block foreign business deals under nuke deal

The Obama administration is trying to address Iranian complaints that U.S. financial regulations are denying Iran the sanctions relief it deserves under last year's landmark nuclear deal.

Meeting with Iran's foreign minister on Friday, Secretary of State John Kerry said the United States would not stand in the way of foreign banks or firms doing business with Iranian companies that are no longer subject to U.S. sanctions.

Kerry also said the administration was willing to further clarify what transactions are now permitted with Iran and urged foreign financial institutions to seek answers from U.S. officials if they have questions. They should not assume, he said, that was...