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...
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