Is Obama's Iran Deal Falling Apart?

President Obama has been working to secure a pact with Iran that will curb the nation's nuclear activity in exchange for loosened scansions that have squeezed the nation's economy for years. While the deal is expected to open up a variety of investment opportunities for the Iranian economy, many see it falling apart before its June 30 deadline as other key world leaders don't appear to be on board. Obama Snubbed On Thursday, the President is scheduled to host a summit in Washington at which he hoped to persuade Arab leaders that a deal with Iran would be beneficial. However as of Sunday, Saudi Arabia's King Salman and Bahrain's Kin Hamad bin Isaa Al Khalifa had both pulled out, saying that not enough progress has been made on negotiating the terms of the Iran pact. So far the President's retreat only has two confirmed attendees, the rulers of Qatar and Kuwait. Tension between the US and several Arab nations has been a challenge in negotiating Iran's nuclear deal as many of the Persian Gulf's leaders believe Washington's terms have been too lenient. A Host Of Opportunities A deal in Iran has been closely watched by oil investors, as the loosening sanctions would flood the market with Iranian oil. However, the deal would have further reaching effects as well. The Iranian economy would benefit tremendously as it would open up the possibility of more trading partners for everything from automobiles to home goods. The banking sector would see an influx of Iranian cash as current laws prohibit banks from engaging with the Iranian financial system. US investors are also likely to take advantage of the deal as Iran's share market could be a promising opportunity once trade restrictions are lifted.