5/20, 11:08 AM (Source: TeleTrader)
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Rouhani: Deal reached to lift major Iran sanctions

Iranian President Hassan Rouhani said on Thursday that a deal has been reached with the other signatories of the Joint Comprehensive Plan of Action (JCPOA) to lift "all major sanctions" on Tehran. According to Fars News, the agreement includes sanctions on oil, petrochemicals, shipping, insurance, and the central bank. "We have taken the main step and discussed the details. The main agreement has been reached. There are issues we are discussing to reach a final agreement," Rouhani explained.

In recent weeks, Iran has been involved in negotiations with the other signatories of the JCPOA, also known as the Iran nuclear deal. The JCPOA, signed in 2015, kept Tehran from acquiring nuclear weapons until the United States withdrew from it under the Trump administration in 2018. In response, Iran returned to enriching uranium.

Breaking the News / DJ