Economics
Obama Seeks to Head Off New Sanctions Amid Scrutiny of Iran Deal
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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.