Obama set to release $150-billion Iranian assets as US Senate fails to block nuke deal

US President Barack Obama is all set to implement the highly controversial Iran nuclear deal, including the release to Tehran of $150 billion worth of frozen Iranian assets, after the US Senate failed to pass a resolution of disapproval to block the measure before the weekend.

Critics fear that Iran would use its recovered assets to boost financing to terrorist movements in the region.

US Secretary of State John Kerry has appointed Ambassador Stephen Mull "as lead coordinator for Iran Nuclear Implementation" after the 60-day congressional review period lapsed.

Kerry said Mull "will lead the interagency effort to ensure that the nuclear steps Iran committed to in the JCPOA [Joint Comprehensive Plan of Action] are fully implemented and verified, and that we and our partners are taking reciprocal action on sanctions, following the nuclear steps."

Mull is the US ambassador to Poland and served as executive secretary at the State Department from 2010 to 2012. He also served as senior advisor to then-Undersecretary of State for Political Affairs William Burns and worked on issues related to Iran's nuclear programme.

He played a key role "in designing United Nations Security Council Resolution 1929, which imposed additional nuclear-related sanctions on Iran, and marshalling support for its adoption by the Council."

The review period expired on Thursday, according to Newsmax, as Republican lawmakers failed for a third time to end the filibuster by Democrats.

The deal between Iran and the US and five other countries would give Iran $150 billion that has been held up through sanctions.

Although the way has been cleared for the implementation of the deal, Senate Majority Leader Mitch McConnell's spokesman said "the Iran issue is not going away," adding that the deal will "likely will be revisited by the next commander-in-chief."

House Speaker John Boehner said he's mulling on legal action to block the deal.

Israeli Prime Minister Benjamin Netanyahu told Congress last March that the deal was a "countdown to a potential nuclear nightmare" by a country that "will always be an enemy of America."

The compliance date for the agreement is on Oct. 18 as President Obama starts issuing waiver on sanctions that would not occur unless the International Atomic Energy Agency (IAEA) verifies Iran's full compliance.

The European Union would also end ban on imports of Iranian oil.

President Obama will instruct the State Department, the Treasury Department and other US agencies to lay the groundwork in lifting sanctions against Iran.

Iran's compliance will end UN penalties although some will remain, including an arms embargo that will last five years, a ballistic missile technology ban for up to eight years, and a ban on transferring any unauthorised nuclear goods for a decade.

related articles
UN Nuclear Head Urges Western Patience on Iran Plan

UN Nuclear Head Urges Western Patience on Iran Plan

Obama: Iran must freeze nuclear activity, US and Israel still disagree
Obama: Iran must freeze nuclear activity, US and Israel still disagree

Obama: Iran must freeze nuclear activity, US and Israel still disagree

Obama cites progress in US-Iran nuclear talks
Obama cites progress in US-Iran nuclear talks

Obama cites progress in US-Iran nuclear talks

Republicans warn Iran that nuclear deal might not outlast Obama presidency
Republicans warn Iran that nuclear deal might not outlast Obama presidency

Republicans warn Iran that nuclear deal might not outlast Obama presidency

Iran interim deal could be reached soon, says Kerry
Iran interim deal could be reached soon, says Kerry

Iran interim deal could be reached soon, says Kerry

56% of Americans want Congress to reject  Iran deal; 60% thumb down Obama\'s move
56% of Americans want Congress to reject Iran deal; 60% thumb down Obama's move

56% of Americans want Congress to reject Iran deal; 60% thumb down Obama's move

President Obama needs just 4 more Senate votes to assure survival of Iran nuke deal
President Obama needs just 4 more Senate votes to assure survival of Iran nuke deal

President Obama needs just 4 more Senate votes to assure survival of Iran nuke deal

Cheney warns: Obama\'s Iran deal will lead  to first use of nuclear weapon since 1945
Cheney warns: Obama's Iran deal will lead to first use of nuclear weapon since 1945

Cheney warns: Obama's Iran deal will lead to first use of nuclear weapon since 1945

Over 1,000 rabbis sign petition rejecting Iran deal, urge US Congress to reject it

Over 1,000 rabbis sign petition rejecting Iran deal, urge US Congress to reject it

President Obama needs just one more ally to ensure Congress OK of Iran nuke deal
President Obama needs just one more ally to ensure Congress OK of Iran nuke deal

President Obama needs just one more ally to ensure Congress OK of Iran nuke deal

Iran nuclear deal: UN inspectors will oversee Iranian technicians after all
Iran nuclear deal: UN inspectors will oversee Iranian technicians after all

Iran nuclear deal: UN inspectors will oversee Iranian technicians after all

\'We\'re facing Hitler with nuke arms\': US House dumps Iran deal in symbolic vote
'We're facing Hitler with nuke arms': US House dumps Iran deal in symbolic vote

'We're facing Hitler with nuke arms': US House dumps Iran deal in symbolic vote

64% of Americans want US to take military action if Iran violates terms of nuclear deal
64% of Americans want US to take military action if Iran violates terms of nuclear deal

64% of Americans want US to take military action if Iran violates terms of nuclear deal

US House chief threatens to sue Obama for failure to disclose secret Iran agreements
US House chief threatens to sue Obama for failure to disclose secret Iran agreements

US House chief threatens to sue Obama for failure to disclose secret Iran agreements

Iran nuke deal signals the day \'when God  turns His back on America\'—John Hagee
Iran nuke deal signals the day 'when God turns His back on America'—John Hagee

Iran nuke deal signals the day 'when God turns His back on America'—John Hagee

News
Three words that changed history: ‘Jesus became sin'
Three words that changed history: ‘Jesus became sin'

As we enter Easter, we want to centre our attention on the significance of Christ’s work of redemption for all of humanity.

Gloucester Cathedral to unveil stunning new pipe organ
Gloucester Cathedral to unveil stunning new pipe organ

Gloucester Cathedral has said that this year’s Organ Festival will be extra special, as it will see the unveiling of its brand new organ.

Religious freedom violations increasing in Nicaragua
Religious freedom violations increasing in Nicaragua

The situation has declined since 2018.

Päivi Räsänen calls for repeal of hate speech laws across Europe after shock conviction
Päivi Räsänen calls for repeal of hate speech laws across Europe after shock conviction

All copies of a decades old pamphlet are to be destroyed after Finland's former Minister of the Interior was convicted of hate speech - even though the law that convicted her did not exist at the time the pamphlet was published.