Obama, Kerry lift Oil Sanctions Against Iran

US Secretary of State John Kerry on Monday approved a waiver to ease sanctions on Iran, after the Islamic republic began to impose curbs on its suspect nuclear program.

John KerryIran has begun to take concrete and verifiable steps to halt its nuclear program,” State Department spokeswoman Jen Psaki said, adding it was “an unprecedented opportunity” to resolve global concerns over the atomic program.

Kerry has approved the waiver, which will allow limited relief to help Iran’s crippled economy, and it would be sent to Congress on Monday, she added.

As agreed with world powers under a six-month deal reached on November 24, the US administration “has taken the necessary steps to pause efforts to further reduce Iranian crude oil exports,” a separate US fact sheet said.

This will allow the six nations which buy Iranian oil to continue to do so for the duration of the deal.

Sanctions will also be suspended on non-Americans trading in Iran’s petrochemical exports, as well as certain trade in gold and precious metals and Iran’s automotive sector.

 

About Albert N. Milliron 6987 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

Be the first to comment