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Tipsheet

Obama to Sign Executive Order Lifting Sanctions on Iran

Obama to Sign Executive Order Lifting Sanctions on Iran

Iran has completed the necessary steps in a deal to restrict its nuclear program, which now means international economic sanctions are lifted, U.N. and EU officials said Saturday.

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"All oppressive sanctions imposed against Iran will be annulled today," Zarif said on Iranian state TV.

This will surely allow the Iranian government access to some $100 billion in assets frozen overseas and allows the Iranian oil business to continue its international trade.   

"Relations between Iran and the IAEA now enter a new phase. It is an important day for the international community. I congratulate all those who helped make it a reality," said Director General Yukiyo Ama of the International Atomic Energy Agency.

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