Iran-IAEA Agreement

On July 14, 2015 International Atomic Energy Agency (IAEA) Director General Yukiya Amano and the Vice-President of the Islamic Republic of Iran and President of the Atomic Energy Organization of Iran, Ali Akbar Salehi, signed the historic roadmap regarding Iran’s nuclear programme. Iran has agreed to the IAEA conditions on its nuclear plans. On the other hand IAEA agreed for the lifting of all UN Security Council’s sanctions on Iran. This would ease tension in the region and also lead to the lifting of the world economy. Iran’s oil now can reach the world market easing the oil price further.