The British government has announced its desire to ease trade between UK and Iranian banks, following the reopening of the British embassy in Tehran.
Foreign Secretary Philip Hammond spoke with Valiollah Seif, the governor of Iran's Central Bank. Hammond told Seif that, "I think it would be very helpful and very positive if we could begin a dialogue about how we can create conditions which would allow British banks and British financial institutions to engage in the financing of trade and investment in Iran."