The European nations and the United States announced lifting of strict oil and economic sanctions on Iran on Saturday after the international nuclear watchdog inspectors from the International Atomic Energy Agency concluded that the Islamic Republic had fulfilled requirements to freeze its nuclear program imposed by the world powers. U.S. President Barack Obama has signed an executive order.
Experts believe that the agreement was an important step towards establishing relations between Washington and Tehran and opened a new, cautious chapter in the relations between Iran and the West. This move allows the Islamic Republic to export much more oil and gain control of nearly $100 billion of impounded money. The agreement also implies the end of a prolonged isolation of Iran that had led the country to a deep economic crisis.
At a press conference in Vienna, the U.S. Secretary of State John Kerry called Jan. 17 “the first day of a safer world” that will remain safer for many years to come. The lifting of international sanctions on Iran marked the most significant accord of the last year’s historic nuclear deal, known as the