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January 16, 2016 7:35 pm

Iran Reenters Global Economy as US, EU Lift Economic Sanctions

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Iranian Foreign Minister Mohammad Javad Zarif. Photo: Wikipedia.

Iranian Foreign Minister Mohammad Javad Zarif. Photo: Wikipedia.

Iran reentered the global economy Saturday, as years of crippling international sanctions were lifted in exchange for the verified disabling of much of its nuclear infrastructure.

For Iran, implementation of the landmark deal it finalized with six world powers last summer means immediate access to more than $50 billion in long-frozen assets, and freedom to sell its oil and purchase goods in the international marketplace. Tehran has hailed the deal as vindication of its power and influence in the world.

Read full story at The Washington Post.

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