The IAEA says Iran has completed all the necessary steps in an agreement aimed at reining in its nuclear program, clearing the way for the removal of some sanctions.
Iran has various obligations under the nuclear agreement. It must reduce its level of uranium enrichment, dramatically reduce the size of its stockpile of enriched uranium, reduce the number of centrifuges and agree to unfettered international inspections.
But not all nuclear-related sanctions will be rescinded immediately -- that won't happen for about 10 years, should the deal hold. But Iran will be able to sell its oil again on world markets and its banks will be able to connect to the global system.
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