The West Lifts Sanctions Against Iran: Now What?

The International Atomic Energy Agency released a report Jan. 16 confirming that Iran has honored its commitments to the nuclear deal it reached with international powers in July. With the announcement comes the prospect of Iran's return to the international community and, more important for its government, the end of most EU sanctions and several important U.S. sanctions. With the legal frameworks already in place, the European Union and United States announced the formal repeal of their respective sanctions shortly after the release of the report.