John Kerry: US Working to Clarify Permitted Business With Iran

With Iranian frustration growing over a lack of access to assets held abroad, Secretary of State John Kerry said the U.S. won't stand in the way of foreign banks working with Iran in the wake of a nuclear deal that was meant to end some sanctions on the Islamic Republic, Newsman reports.

"We have no objections, and will not stand in the way of, foreign banks from engaging with Iranian banks and companies as long as those banks and companies are not on our sanctions list for non-nuclear activities," Kerry said Friday in New York before a meeting with Iran Foreign Minister Javad Zarif. "Unfortunately, there seems to be some confusion among some foreign banks, and we want to try to clarify that as much as we can."