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The Economic Times
The Economic Times

Iranian Guards' business empire to win big if US sanctions lifted

DUBAI: Emerging outlines of a deal between Washington and Tehran to ​end their war contain a stinging paradox: sweeteners to coax Iran into compliance may strengthen an adversarial force that the U.S. and ​its Western allies consider a terrorist organisation.

For years, Iran's Revolutionary Guards thrived in the shadow of sanctions, building a sprawling commercial empire stretching from oil and construction to shipping, telecommunications and ports.

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