Iran will sign a contract this week to buy 114 Airbus planes from France, during a visit to Paris by Iranian President Hassan Rouhani, Tehran's transport minister said Sunday.
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country over the weekend.
Iran took a huge step to ending its international isolation Saturday as sanctions on the Islamic republic were lifted following the entry into force of last July's momentous nuclear deal with major powers.
President Hassan Rouhani hailed on Sunday a nuclear deal with world powers as a "golden page" in Iran's history, and looked forward to an economic future less dependent on oil as the country emerges from years of sanctions and isolation.
Iran has agreed to buy 114 civil aircraft from European aircraft maker Airbus, the transport minister was quoted as saying on Saturday, ahead of the anticipated lifting of international sanctions on Iran.
Iran's President Hassan Rouhani has denounced possible new US sanctions on his country which could jeopardise a hard-won nuclear deal due to be finally implemented within weeks.
