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| Iran nuclear deal: President announces ‘golden page’ in Tehran’s history as sanctions lifted | Iran nuclear deal: President announces ‘golden page’ in Tehran’s history as sanctions lifted |
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| Iran is set to flood the oil market with an extra half a billion barrels a day after international sanctions were lifted in a move that has been hailed by the country's president as a "golden page" in its history. | |
| President Hassan Rouhani said the deal “opened new windows of engagement with the world” and the country should “get ready to seize the opportunity to make an economic leap and development”, while speaking in Parliament on Sunday. | President Hassan Rouhani said the deal “opened new windows of engagement with the world” and the country should “get ready to seize the opportunity to make an economic leap and development”, while speaking in Parliament on Sunday. |
| Hours after sanctions imposed by US, UN and EU on Tehran were lifted - thereby removing an obstacle to exports - the deputy oil minister announced Iran was ready to increase its crude oil exports by 500,000 barrels a day. | |
| "With consideration to global market conditions and the surplus that exists, Iran is ready to raise its crude oil exports by 500,000 barrels a day," Deputy Oil Minister Amir Hossein Zamaninia was quoted as saying by the Shana news agency. | |
| Iran's return to an already glutted oil market is one of the factors contributing to a global rout in oil prices, which fell below $30 a barrel this week for the first time in 12 years. | |
| Watchdog, the International Atomic Energy Agency, confirmed on Saturday Iran had put into place all the measures required to begin implementing the nuclear deal agreed with six world powers, meaning international sanctions imposed on the country could be lifted. | |
| Mr Rouhani said the deal has satisfied all parties except extremists: “Everybody is happy except the Zionists, the warmongers who are fuelling the sectarian war among the Islamic nation, and the hardliners in the US congress.” | Mr Rouhani said the deal has satisfied all parties except extremists: “Everybody is happy except the Zionists, the warmongers who are fuelling the sectarian war among the Islamic nation, and the hardliners in the US congress.” |
| The comments come after Israeli prime minister, Benjamin Netanyahu, warned Iran had not given up its nuclear ambitions, saying in a statement: "Iran will think it can continue to develop a nuclear weapon, destabilise the region and spread terror." | |
| The president sent out a celebratory tweet calling the deal a “glorious victory”, shortly after the European Union foreign policy chief Federica Mogherini and Iranian foreign minister Javad Zarif announced the lifting of the sanctions. | The president sent out a celebratory tweet calling the deal a “glorious victory”, shortly after the European Union foreign policy chief Federica Mogherini and Iranian foreign minister Javad Zarif announced the lifting of the sanctions. |
| Coinciding with the scrapping of the sanctions, Tehran also announced the release of five Americans, including a Washington Post reporter, as part of a prisoner exchange with the US. | Coinciding with the scrapping of the sanctions, Tehran also announced the release of five Americans, including a Washington Post reporter, as part of a prisoner exchange with the US. |
| Four Americans and seven Iranians were part of the prisoner swap. A fifth American was released separately. | Four Americans and seven Iranians were part of the prisoner swap. A fifth American was released separately. |
| Washington Post reporter Jason Rezaian, former US Marine Amir Hekmati, pastor Saeed Abedini and Nosratollah Khosravi-Roodsari, whose name had not been previously made public, were freed from custody in Iran and were to be flown to Switzerland, US officials said. | Washington Post reporter Jason Rezaian, former US Marine Amir Hekmati, pastor Saeed Abedini and Nosratollah Khosravi-Roodsari, whose name had not been previously made public, were freed from custody in Iran and were to be flown to Switzerland, US officials said. |
| US student, Matthew Trevithick, was released independently of the exchange on Saturday and was already on his way home. | US student, Matthew Trevithick, was released independently of the exchange on Saturday and was already on his way home. |
| The US will in turn drop charges against seven Iranians - six of whom are dual US-Iranian citizens - accused or convicted of violating US sanctions. | The US will in turn drop charges against seven Iranians - six of whom are dual US-Iranian citizens - accused or convicted of violating US sanctions. |
| Both the lifting of the sanctions and the prisoner deal are set to considerably reduce the hostility between Tehran and Washington that has existed for decades since Iran’s Islamic Revolution in 1979. | Both the lifting of the sanctions and the prisoner deal are set to considerably reduce the hostility between Tehran and Washington that has existed for decades since Iran’s Islamic Revolution in 1979. |
| US Secretary of State John Kerry and the top diplomats of Iran and the European Union hailed the accord. Mr Kerry said in Vienna: “Today marks the first day of a safer world". | US Secretary of State John Kerry and the top diplomats of Iran and the European Union hailed the accord. Mr Kerry said in Vienna: “Today marks the first day of a safer world". |
| Additional reporting by various agencies | Additional reporting by various agencies |