Richard
JF-Expert Member
- Oct 23, 2006
- 15,677
- 22,946
The historic announcement has been made tonight in Vienna Austria.
The Decision of Iran to abandon its nuclear ambitions will enable the country to place its oil products into the international markets.
Iran has reduced its stockpile by reducing the centrifuges which can enrich uranium and also dismantle its plutonium enrichment which has the ability to develop atomic bomb.
The Iranian foreign minister Javad Zarif, European Union foreign minister Federica Mogherini and US Secretary of state John Kerry were all delighted with their announcement.
This significant development can now allow Iran to sell its oil stockpile which will lower the price of fuel in international markets and also allow foreign investments in the country for the first time in more than 37 years ago.
Iran has been under strict international economic sanctions since 2007, although the United States has had some form of economic restrictions on Iran since 1979.
But the report by the International Atomic Energy Agency that Tehran has complied with the Nuclear Deal and is ready to fulfil its commitments to prevent weapons development has signalled a changed Iran.
The sanctions which will immediately be lifted include the embargo on Iran's crude oil which will allow the country to double its supply of crude oil, banking, Iranian trade including insurance and shipping.
The decision will also allow Iran to get back its external reserve which was frozen by the international financial system and grow its GDP for the first time.
The Decision of Iran to abandon its nuclear ambitions will enable the country to place its oil products into the international markets.
Iran has reduced its stockpile by reducing the centrifuges which can enrich uranium and also dismantle its plutonium enrichment which has the ability to develop atomic bomb.
The Iranian foreign minister Javad Zarif, European Union foreign minister Federica Mogherini and US Secretary of state John Kerry were all delighted with their announcement.
This significant development can now allow Iran to sell its oil stockpile which will lower the price of fuel in international markets and also allow foreign investments in the country for the first time in more than 37 years ago.
Iran has been under strict international economic sanctions since 2007, although the United States has had some form of economic restrictions on Iran since 1979.
But the report by the International Atomic Energy Agency that Tehran has complied with the Nuclear Deal and is ready to fulfil its commitments to prevent weapons development has signalled a changed Iran.
The sanctions which will immediately be lifted include the embargo on Iran's crude oil which will allow the country to double its supply of crude oil, banking, Iranian trade including insurance and shipping.
The decision will also allow Iran to get back its external reserve which was frozen by the international financial system and grow its GDP for the first time.
