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Iran ushers in new era without bulk of western sanctions

Iranian President Hassan Rouhani on Sunday hailed the lifting of sanctions, saying this is a great success for Iran in the political and diplomatic arena.

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The head of Iran Chamber of Commerce Mohsen Jalalpour said that Iran’s economists will meet with Rouhani on Tuesday, before his travel to the EU, Mehr news agency reported on Jan.18.

The visits were originally due to take place in November but were canceled after the November 13 terrorist attacks by Islamist militants in Paris.

During his stay in Rome, Rouhani is expected to meet with Pope Francis in Vatican City.

The United States and European Union on Saturday revoked sanctions that had cut Iran’s oil exports by about 2 million barrels per day (bpd) since their pre-sanctions 2011 peak to little more than 1 million bpd. The implementation of a historic nuclear deal with world powers is expected to pave the way for a new economic reality in Iran.

Iran’s Foreign Ministry on January 18 decried the new measures as “illegitimate”, with spokesman Hossein Jaber Ansari insisting the missile program has no links with the nuclear issue.

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The Iranian president described the implementation of the deal on Tehran’s nuclear program as a big victory for Iranian diplomacy. And Iran, on the other hand, promised more transparency on its nuclear program, allowing United Nations nuclear inspectors to monitor Tehran’s atomic program.

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