Iran, World Powers Reach Historic Nuclear Deal

Iran, World Powers Reach Historic Nuclear Deal

After 20 months of negotiations, four target dates and three extensions, Iran, the United States, China, France, Germany, Russia and the United Kingdom announced that they reached a historic deal on Tuesday that will limit Tehran’s nuclear ability, in exchange for lifting international oil and financial sanctions.

Federica Mogherini, the European Union’s foreign policy chief, said “Today is a historic day,” and called it a great honor “for us to announce that we have reached an agreement on the Iranian nuclear issue.”

Iranian Foreign Minister Mohammad Javad Zarif agreed that the deal is a “historic moment,” but cautioned that it was “not perfect.” He concluded, “Today could have been the end of hope, but now we are starting a new chapter of hope.”

Addressing the deal from the White House on Tuesday morning, President Obama saidit “is not built on trust, it is built on verification,” and that in addition to cutting off all of Iran’s pathways to a nuclear weapon, the terms of the agreement state that Iran will remove two-thirds of its installed centrifuges and will dispose of 98 percent of its stockpile of uranium. As a result, Obama said that Iran will receive “phased in sanctions relief.”