Iran will need to spend most of any post-sanctions windfall at home

By Lesley Wroughton and Sam Wilkin WASHINGTON/DUBAI (Reuters) – Iranians will demand their government spend a windfall from the lifting of economic sanctions on improving the quality of life at home, limiting the degree to which a future nuclear deal could fund Tehran’s allies on Middle East battlefields. Since 2012, Iran has given support worth billions of dollars to regional allies, funding and arming mainly fellow Shi’ite Muslims in conflicts that have taken on a sectarian dimension. Within months of financial sanctions being lifted, Iran will be able to collect debts from overseas banks that may exceed $100 billion, mostly from oil importers whose payments have been blocked, diplomats and analysts said.

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