On March 15, 2016, the U.S. OFAC and the U.S. BIS announced further amendments to the Cuban Assets Control Regulations and the Export Administration Regulations, in a continuing effort to chip away at the decades-old embargo.

On 2 April 2015, talks in Lausanne, Switzerland, ended between Iran and the E3+3 countries (i.e., China, France, Germany, the Russian Federation, the United Kingdom, the United States). These lengthy negotiations resulted in high-level agreement on the key parameters of a Joint Comprehensive Plan of Action (JCPOA). The JCPOA parties…