US Relaxes Sanctions Against Iranian Oil, Other Exports

Law360, New York (January 21, 2014, 9:50 PM EST) -- The U.S. temporarily suspended some sanctions imposed against Iran after the Middle Eastern nation fulfilled commitments it made months ago to a group of world powers to halt progress on some aspects of its nuclear program, the White House announced Monday.

The U.S. and its allies — Russia, China, the U.K., France and Germany — followed through on a controversial pledge they made to provide Iran with six months of relief from some sanctions, including those targeting Iranian petrochemical exports, the country’s trade in precious metals...
To view the full article, register now.