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 Kerry

Iran 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 the Author

Politisite delivers the latest Breaking Political News, Debate Coverage, Election Results, Commentary and Analysis. We provide in-depth news with special reports and interactive political coverage. Politisite was a pioneer in internet political news gathering and dissemination. Politisite came live in early 1998 and become the first internet only news source to cover local, state, and national political campaigns, debates and elections. Before there were the terms Blog, Blogger, New Media, or Crowd-sourcing, Politisite was developing what has become the standard in political news coverage, long before most political sites were even conceived. The Name ‘Politisite” simply means Political Website.

Author Archive Page

Post a Comment