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Tuesday, 21 January 2014 - 11:01
Kerry approves Iran sanctions relief
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US Secretary of State John Kerry approved a waiver to ease sanctions on Iran, after the Islamic republic began to impose curbs on its suspect nuclear programme.

As agreed with world powers under a six-month deal reached on November 24th, the US administration "has taken the necessary steps to pause efforts to further reduce Iranian crude oil exports.

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.
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