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Iran Gets Sanctions Relief Jan. 20 as Nuclear Deal Begins

President Barack Obama urged Congress to hold off on imposing new sanctions on Iran after the Islamic Republic agreed to curtail its nuclear activities starting Jan. 20 under a deal with world powers.

The agreement restricts Iran’s nuclear activities and imposes more intrusive inspections while starting a six- to 12-month timetable to reach a permanent accord. In return, Iran will benefit from sanctions relief, which the U.S. values at $6 billion to $7 billion over six months.