U.S. officials recently announced a temporary suspension — for a six-month period ending July 20, 2014 — of Iran sanctions in exchange for Iran’s commitment to place meaningful limits on its nuclear program. The sus- pension, however, leaves in place sanctions that apply to U.S. persons and their owned or controlled non-U.S. affiliates, as well as sanctions targeting important sectors of Iran’s economy. Accordingly, the Iran sanctions land- scape has not changed for U.S. companies and their owned or controlled non-U.S. affiliates. To learn more, see our recent Alert.