🇮🇷 Iran’s South Khorasan province has issued its first foreign investment licence to a Spanish compan

🇮🇷 Iran’s South Khorasan province has issued its first foreign investment licence to a Spanish company for the extraction and processing of mineral deposits, according to Iranian state media.

🇪🇸 The investor and the size or specific mineral project have not been publicly identified.

⚠️ The development comes as the U.S. threatens secondary sanctions against countries whose businesses provide Iran with an economic lifeline. The licence therefore carries significant sanctions risk for the Spanish investor.