Description

---

Strict sanctions on Iran's key energy and financial sectors harmed Iran's economy. The economic pressure-coupled with the related June 14, 2013, election of the relatively moderate Hassan Rouhani as Iran's president-contributed to Iran's accepting a November 24, 2013, six-month interim agreement ("Joint Plan of Action," JPA) that halts expansion of its nuclear program in exchange for modest sanctions relief. On July 18, 2014, the interim agreement was extended until November 24, 2014.