US to extend Iran sanctions relief under nuclear deal

By REUTERS
September 14, 2017 17:37




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Breaking news. (photo credit:JPOST STAFF)

WASHINGTON - The United States on Thursday will announce that it will extend wide sanctions relief for Iran called for under the 2015 nuclear deal, sources familiar with the matter said, but no decision on whether to preserve the deal itself has yet been made.

The United States will renew a waiver of the key, and most punitive, sanctions that it imposed on Iran before the nuclear deal was ultimately struck. Under these, tucked into Section 1245 of the 2012 National Defense Authorization Act, Washington threatened to sanction the banks of Iran's main oil customers if they did not significantly cut their purchases of Iranian crude.


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