"Yesterday marked a milestone in preventing Iran from obtaining a nuclear weapon. Most of all, we achieved this historic result through diplomacy, without risking another war in the Middle East," Obama said in a televised statement from the White House.
The US and the EU today lifted biting oil and financial sanctions on Iran and unblocked about USD 100 billion of its frozen assets after UN inspectors concluded that Tehran has complied with a historic deal to curb its nuclear ambitions.
Obama called his use of the constitutional pardon power "a one time gesture to Iran, given the unique opportunity offered by this moment and the larger circumstances in play."
"This is a good day," Obama said adding that "when Americans are freed and returned to their families, that's something we can all celebrate."
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Under the nuclear deal signed between the world powers and Iran, Tehran will "not get its hands on a nuclear programme", Obama said.
Obama said "profound differences" remain with Iran over its "destabilising activities" and posing of threat to Israel. In this context, the US President also referred to the recent missile tests carried out by Iran.
The Obama administration today announced new penalties on 11 individuals and entities involved in Tehran's ballistic missile programme.
Obama, in his statement, also referred to Iran's meddling in countries like Syria and Yemen.
Obama asserted that Iran deal shows what is possible with
Obama talked about three major developments that diplomacy had achieved. The first two being the implementation of the nuclear deal and the freeing of the Americans imprisoned in Iran, including Washington Post reporter correspondent Jason Rezaian, and the third was the settlement of a years-long lawsuit between Iran and the US.
Under the agreement, the US is to repay Iran a USD 400 million debt and USD 1.3 billion in interest dating to the Islamic revolution.
Iran has always maintained its nuclear programme is peaceful, but opponents of the deal -- such as some US Republicans -- say it does not do enough to ensure the country cannot develop a nuclear bomb.