Obama says U.S. to give 'modest relief' on Iran sanctions

WASHINGTON (Reuters) - President Barack Obama said the United States and other nations would begin to give Iran "modest relief" on economic sanctions as long as Iran lives up to its end of an agreement reached on Sunday to start implementing a nuclear deal.

Obama's statement came as six world powers and Iran agreed on a six-month plan that would curb Tehran's most sensitive nuclear activities in exchange for some relief from oil and other economic sanctions while the parties negotiate a broader settlement on the scope of Iran's nuclear program.