Sanctions lifted after Iran complies with nuclear deal

The president sent out a celebratory tweet calling the deal a “glorious victory”, shortly after the European Union foreign policy chief Federica Mogherini and Iranian foreign minister Javad Zarif announced the lifting of the sanctions.

Mr Netanyahu said in a statement on Saturday that “Iran has not relinquished its ambition to obtain nuclear weapons” and pledged to “warn of any violation” of the agreement.

Foreign Minister Laurent Fabius called it an “important step for peace and security, as well as for global efforts against nuclear proliferation” and hoped the “spirit of cooperation which marked the conclusion of the agreement” could be applied to other regional issues.

Kerry said, “They should be on their way home to their families before long”.

The International Atomic Energy Agency (IAEA) certified earlier that Iran had carried out all of its commitments under the historic deal, clearing the way for the lifting of international sanctions.

Rouhani government will be able to use frozen assets amounting to tens of billions of dollars and paving way for significant number of Western as well as Eastern companies to invest in Iran’s different sectors, including oil and gas, transferring funds to overseas.

But several Republican presidential candidates criticized the prisoner swap with frontrunner Donald Trump saying that Iran was getting more in the deal than the US.

The $75 billion budget had been ready for weeks, but Rohani decided not to present it until the nuclear deal was implemented because it was based on sanctions being lifted.

“I thank God for this blessing and bow to the greatness of the patient nation of Iran” – Iranian President Hassan Rouhani on Twitter. The student, identified as Matthew Trevithick was detained 40 days after traveling to Iran in September as part of a four-month language program. Rouhani said Sunday that the official implementation of the landmark deal reached between Tehran and…

Tehran denied that, and after years of escalating a confrontation, an accord had been agreed for Iran to scale down its nuclear activities.

Iran, on its part, insists that its nuclear programme is aimed at peaceful purposes.

Stock markets in the energy-rich Gulf region have nosedived today, with Qatar and Dubai shedding 6.0% each, over the plunge in oil prices and the lifting of the sanctions on Iran.

In return, the US will either pardon or drop charges against seven Iranians – six of whom are dual citizens – accused or convicted of violating USA sanctions.

Under the nuclear deal, finalized in July, Iran is required to take verifiable steps toward dismantling its alleged nuclear weapons program.