Reports that US considering not allowing Iran to get access to finance are false: US

Said that the US is interested in living up to the commitments made in the context of the Joint Comprehensive Plan of Action

The US has refuted reports that it was considering allowing Iran to get access to its financial system.

"I can tell you that reports that the United States is considering allowing Iran to get access to the US financial system are false," White House Press Secretary Josh Earnest said yesterday.

"We are interested in making sure that the United States and the rest of the international community lives up to the commitments that we made in the context of the Joint Comprehensive Plan of Action," he said.

The US is prepared to follow through on the commitments that its made because it has verified that Iran has followed through on the commitments that they have made.

"Iran, for example, reduced their nuclear stockpile by 98%. They unplugged thousands of centrifuges. They have taken steps to render their heavy-water plutonium reactor harmless and incapable of producing fuel that could be used for a nuclear weapon," he said.

Earnest said there are a whole variety of steps that Iran committed to implement, including the most intrusive set of inspections that have ever been imposed on a country's nuclear program.

"That's something that we're going to follow through on. But we can do that without reinstating U-turn authorisation or giving Iran access to the US financial system," Earnest said.

The Obama Administration, he said, has a lot of confidence in the deal that it reached with the rest of the international community to prevent Iran from obtaining a nuclear weapon.

It's going to enhance the national security of our partners in the region, including our closest ally in the Middle East, Israel, he argued.

"The President is proud of this foreign policy accomplishment. We are pleased that thus far we've able to verify that Iran has lived up to the agreement that was signed," he said.

Earnest said the Obama administration has been extraordinarily transparent about the terms of the deal when communicating with Congress about it.

"Time and time again, Congress has been briefed on the details of the deal.That was true even while the deal was being negotiated," he said.