All Iran sanctions to be lifted, report claims

A report on the semi-official Fars News Agency claims all sanctions against Iran will be lifted as part of a final deal with world powers — most of which will be eased “on day one,” while a number of restrictions will remain in place for “a limited and logical period of time.”

“In case the opposite side shows political will and the final agreement is signed, the text of the agreement will include the following points,” a source says.

“According to the Joint Comprehensive Plan of Action, all sanctions against Iran are terminated and Iran will no more be recognized as a sanctioned nation. The JCPA only envisages a set of temporary restrictions that will be removed after a limited and logical period of time, as stated earlier by the Iranian Supreme Leader.”

“All economic, financial and banking sanctions against Iran will be terminated for good on day one after the endorsement of the deal, again as the Iranian Supreme Leader has demanded.”

The deal also eases the arms embargo, the source says.

“Iran will no more be under any arms embargo, and according to a UN Security Council resolution that will be issued on the day when the deal is signed by the seven states, all arms embargos against Iran will be terminated, while its annex keeps some temporary restrictions on Iran for a limited period.”