World powers and Iran reached a 'historic nuclear deal

Iran and world powers have clinched a landmark deal to curb Islamic Republic's nuclear programme in exchange for sanctions relief after an 18-day marathon negotiations in Vienna.


The agreement was announced on Tuesday by Iranian Foreign Minister Mohammad Javad Zarif and the European Union's policy chief Federica Mogherini in a joint statement in the Austrian capital.

Iran's state news agency IRNA says

Ban on Iran to buy certain dual-use machinery and technology will end EU and US economic and financial sanctions on Iran will be lifted Billions of US dollars of Iran's frozen assets will be released Sanctions on Iran's central bank, national Iranian oil company, shipping lines, Iran air, many other institutions and people will be lifted

Mohammad Javad Zarif called the deal a "win-win" solution to end "an unnecessary crisis and open new horizons for dealing with serious problems that affect our international community."

"I believe this is a historic moment. We are reaching an agreement that is not perfect for everybody but it is what we could accomplish and it is an important achievement for all of us," said Zarif.

"Today could have been the end of hope on this issue, but now we are starting a new chapter of hope."

 We've achieved something decades of animosity has not

President Barack Obama has reacted to the nuclear deal clinched today by Iran and world power

Mogherini said the decision demonstrated that "diplomacy, coordination, cooperation can overcome decades of tensions and confrontations".

"It is a decision that openned a way to a new chapter in international relations," she said.

The accord seeks to end nearly 12 years of nuclear stand off between Iran and the western powers led by the US.

The accord, which has yet to be made officially public, will keep Iran from producing enough material for a nuclear weapon for at least 10 years and impose new provisions for inspections of Iranian facilities, including military sites.