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April 18, 2015 9:34 pm

Iran Could Receive $50 billion in Sanctions Relief Upon Signing Nuclear Deal

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President Obama. Photo: Wikimedia Commons.

President Barack Obama suggested on Friday that Iran could receive significant economic relief immediately after concluding a deal to curb its nuclear program, a gesture towards one of Tehran’s key demands.

Mr. Obama said such a move would depend on the final accord allowing international sanctions to be quickly re-imposed if Tehran violated the agreement it is now negotiating with global powers. The administration has said the U.S. prefers sanctions would be lifted in phases as Iran meets certain requirements.

Read full story at the Wall Street Journal.

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