Iran regains United Nations voting rights

·1 min read

Iran regained its United Nations General Assembly vote on Friday after it made a minimum dues payment, while denouncing the United States for sanctions that had blocked billions in funds, AP reports.

The big picture: The Biden administration on Thursday lifted sanctions on former Iranian officials affiliated with the National Iranian Oil Co., signaling that it's willing to ease economic pressure on Iran, the Wall Street Journal reports.

Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free

  • The U.S. also lifted sanctions Thursday on several other Iranian energy companies involved in trading and shipping petrochemical goods, per the WSJ.

What they're saying: "After more than 6 months of working on it, the UN today announced it has received the funds. ALL inhumane sanctions must be lifted NOW," Iran’s U.N. Ambassador Majid Takht Ravanchi said Friday on Twitter.

More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting