US: Iran economy remains in distress amid sanctions
US Treasury Secretary Jack Lew said Iran's economy remained in a state of distress due to sanctions over its nuclear program and that the United States would not rush into making a bad deal to prevent Iran from obtaining a nuclear weapon.


Lew said that the temporary and reversible sanctions relief has been limited. "Iran is losing a significant amount in oil sales alone from the sanctions that remain in place, more than the value of the temporary relief," Lew said in a speech in Jerusalem to the US-Israel Joint Economic Development Group on Wednesday. (Reuters)