Iran's President Hassan Rouhani says deal reached to remove most sanctions

Oil, banking, shipping and insurance sanctions will be lifted

Iran’s President Hassan Rouhani said world powers have accepted that major sanctions on his country — including those affecting oil, banking and shipping — will be lifted, triggering a drop in crude prices. Negotiators in Vienna, where Iran and the US have engaged in indirect talks to restore a troubled nuclear deal from 2015, have taken a “major step,” Rouhani said Thursday, according to Iranian state TV. “The main agreement has been made.”

Diplomats are still discussing “details and finer points” before there’s “a final agreement,” he said. The comments echo those on Wednesday from the European Union’s top envoy in