Barack Obama lifts Iran sanctions

Removal of sanctions will allow Iran to return to the market of oil exporters. It is expected this will lead to a further decline in world energy prices.

19 October 2015 11:58

President Barack Obama has ordered the heads of the State Department, as well as the ministries of energy, trade and finance to prepare the necessary documents for the suspension of sanctions against Iran.

According to the order, these measures are necessary for the "rapid and effective implementation of the US obligations set out in the joint action plan" in the agreement on the Iranian nuclear program.

However, the US President’s order does not provide for the establishment of a specific date for the removal of US sanctions against Iran.