Economics
Iran Sanctions Might Be Lifted in January as Atomic Gear Removed
- IAEA reports Iran may meet its nuclear commitments by Jan. 12
- Iran's enriched-uranium stockpile still needs to be eliminated
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Oil and banking sanctions against Iran might be lifted by mid-January based on the pace at which technicians are removing and mothballing nuclear equipment at the country’s uranium-enrichment facilities.
Iran removed 4,530 centrifuges during the 28 days ending Nov. 15, a rate of 162 machines per day, according to an International Atomic Energy Agency report issued late Wednesday. Based on current work rates, Iran may be able to fulfill its part of the nuclear deal agreed with world powers by Jan. 12.