International sanctions lifted on Iran in-line with nuclear deal

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AEA Director General Yukiya Amano clears for release the report on 'Verification and Monitoring in the Islamic Republic of Iran in light of United Nations Security Council Resolution 2231 (2015).' (Photo: D. Calma/IAEA)

International economic sanctions on Iran have been lifted in-line with an earlier nuclear deal it signed on to with world powers.

The announcement from the UN's nuclear watchdog, the IAEA, came after it was certified that Iran had met all its obligations under the deal agreed last July.

Billions of dollars of assets will be released and Iranian oil can now be sold internationally, in return for Iran's compliance on elements of its nuclear programme.

Veronica Reeves has more.

Saturday's announcement came after IAEA inspectors verified that Iran had carried out all measures spelled out under last summer's nuclear agreement.

IAEA Director General Youk-i-ya Amano announced the lifting of the sanctions in a video statement.

"Relations between Iran and the IAEA now enter a new phase. It is an important day for the international community. I congratulate all those who helped make it a reality."

The IAEA chief said the announcement paves the way for the nuclear agency to "begin verifying and monitoring Iran's nuclear-related commitments under the agreement".

He said his agency had been working on the Iran nuclear issue since 2003 and that following Saturday's announcement, the IAEA was "ready to get on with the job".

Veronica Reeves, United Nations.

Duration: 50"

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