IRAN is to get access to billions of pounds in frozen assets after trade sanctions imposed by the EU and US were lifted on Saturday.
The country emerged from years of economic isolation when world powers halted the restrictions in return for Tehran curbing its nuclear ambitions.
The International Atomic Energy Agency (IAEA) in Vienna confirmed that the conditions set after major talks last July had been fulfilled paving the way for Iran to resume oil exports.
The move has taken years of talks, according to officials
The IAEA confirmed conditions set last year had been met
Britain has welcomed the move with Foreign Secretary Philip Hammond saying the findings of the IAEA inspectors had confounded sceptics.
He urged British firms to take advantage of new opportunities as Iran was brought in from the cold.
Foreign Secretary Philip Hammond has hailed the deal
He added: “Tonnes of uranium have been shipped out of Iran, thousands of centrifuges have been taken out of use and the core has been removed from the Arak reactor.