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ARTICLE · 16 JULY 2015

Final Deal Reached On Iran Sanctions Relief

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On July 14, 2015, the United States and its P5+1 negotiating partners, together with Iran, announced the final terms of the Joint Comprehensive Plan of Action (JCPOA) concerning Iran's nuclear program

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On July 14, 2015, the United States and its P5+1 negotiating partners, together with Iran, announced the final terms of the Joint Comprehensive Plan of Action (JCPOA) concerning Iran's nuclear program. The JCPOA is designed to impose various restrictions on Iran's nuclear program, but sanctions relief will only take effect after the International Atomic Energy Agency (IAEA) verifies that Iran has implemented key measures—potentially several months (or longer) from now.
 
Once this occurs, the United States and European Union (EU) have committed to suspend and eventually terminate "nuclear-related" sanctions against Iran. US and EU sanctions relating to human rights, terrorism and conventional weapons proliferation will remain in place. However, the parties have also made certain commitments to phase out the United Nations conventional arms embargo against Iran over the next five to eight years. Clearly, a harmonized US-EU approach to Iran-related sanctions was a

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