Iranians shop in Tehran's ancient Grand Bazaar on July 11, 2016.
/ AFP / ATTA KENARE
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A year after Iran deal, oil flows but the money's stuckA jump in oil exports, business deals signed with global companies and inflation tamed: One year since Iranian negotiators gathered with the world's top diplomats to unveil their nuclear accord and Iran's economy is on the mend. Oil sanctions were the weapon designed to force Iran to the negotiating table over its atomic program. Six months after they were lifted, Iran's producing 3.8 million barrels a day, 2 million of which are exported. While authorities expect Iran's economy to expand as much as 4.5 percent in the year to March, Rouhani's target of 8-percent annual expansion would require major changes, according to Powell.Foreign direct investment rose to $4.5 billion in the first quarter of this year, with 26 projects, the highest uptick in over a decade in Iran, according to fDi Intelligence, a division of the Financial Times Ltd. That's still way below the government's hopes of drawing $30 billion to $50 billion in foreign financial resources a year.
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