Iran Economy NewsSanctions relief for Iran extended

Sanctions relief for Iran extended

-

UPI: The U.S. Treasury Department said sanctions relief on Iran, which includes oil export provisions, is extended through November. Iran under the terms of a November 2013 agreement secured relief from some of the sanctions targeting its energy sector in exchange for a pledge to cut back on its nuclear research activity.

 

Sanctions window extended to November.

By Daniel J. Graeber

WASHINGTON (UPI) –The U.S. Treasury Department said sanctions relief on Iran, which includes oil export provisions, is extended through November.

Iran under the terms of a November 2013 agreement secured relief from some of the sanctions targeting its energy sector in exchange for a pledge to cut back on its nuclear research activity.

The International Atomic Energy Agency, the United Nations’ nuclear watchdog, said Iran has converted its uranium stockpiles into a form that’s difficult for use in a nuclear weapon.

The Treasury Department said members of the P5-plus-1 — Britain, China, France, Russia, the United States plus Germany — agreed with Iran to continue moving forward under the terms of the November 2013 joint plan of action.

“The U.S. government has extended through Nov. 24, 2014, the sanctions relief provided for in the joint plan of action,” the Treasury Department said Monday.

Iran is limited to exporting approximately 1 million barrels of oil per day under the terms of the arrangement.

U.S. State Department spokeswoman Jen Psaki said last week Iran has been operating according to the terms of the 2013 agreement.

“We feel comfortable that the crude oil exports of Iran are remaining in the million to 1.1 million barrel a day average,” she said.

Latest news

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Must read

Latest Round of Nuclear Negotiations With Iran Proving Fruitless Again

With the 2015 nuclear deal talks still taking place...

Iran announces new satellite launch plan

CNN: Iran is planning to launch a new satellite...

You might also likeRELATED
Recommended to you