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Iran, world powers reach landmark nuclear agreement

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[h=4]Iran, world powers reach landmark nuclear agreement[/h]A landmark agreement to limit Iran's nuclear program in return for the easing of economic sanctions has been reached in Vienna.

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President Obama said the Iran nuclear deal guarantees that the country can not produce nuclear weapons. He said any violations will lead to serious consequences. USA TODAY


German Foreign Minister Frank-Walter Steinmeier, left, High Representative of the European Union for Foreign Affairs and Security Policy Italy's Federica Mogherini, center, and Iranian Foreign Minister Mohammad Javad Zarif, right.(Photo: Herbert Neubauer, EPA)


The United States and other world powers reached a historic agreement with Iran on Tuesday that calls for limits on Tehran's nuclear program in return for lifting economic sanctions that have crippled Iran's economy.
"Every path to a nuclear weapon has been cut off," President Obama declared in Washington.<span style="color: Red;">*</span>Addressing critics in Congress and Israel who say Iran can't be trusted to honor the agreement, Obama said the deal is not just built on trust but "on verification."
USA TODAY
Obama hails nuclear deal with Iran as a landmark




The deal will keep Iran from producing enough material for an atomic weapon for at least 10 years and impose provisions for inspections of Iranian facilities, including military sites. Speaking in Tehran, Iranian President Hassan Rouhani said "a new chapter" has begun.
The agreement, marking the first time the two countries have engaged in direct and open diplomacy in more than a generation, puts to rest for now a threat by Obama<span style="color: Red;">*</span>to resort to force if necessary to prevent Iran from obtaining a nuclear weapon, something Iran always denied it sought.
USA TODAY
Nuke deal spurs prospect for better U.S.-Iran relations




The Republican-run Congress, many of whom have questioned whether Iran will live up to its commitments, has 60 days to review the agreement and could issue a resolution of disapproval.<span style="color: Red;">*</span>Obama, however, vowed to veto any congressional move to block the agreement, saying that "I am confident that this deal will meet the national security interests of the United States and our allies."
Israel's Prime Minister Benjamin Netanyahu criticized the deal, calling it a historic mistake. Israel feels that a nuclear Iran is a grave threat to its security and publicly split with Washington over attempts to reach an accord.
USA TODAY
Israeli, Iranian leaders duel on Twitter




Obama is expected to make calls to other world leaders in the coming days about the Iran nuclear agreement<span style="color: Red;">*</span>—<span style="color: Red;">*</span>including Netanyahu, one to the deal's most outspoken critics.
The deal was formally announced during a news conference by Federica Mogherini, the European Union's top foreign affairs official, and Iran's Foreign Minister Mohammad Javad Zarif.<span style="color: Red;">*</span>"Iran reaffirms that under no circumstances will Iran ever seek, develop or acquire any nuclear weapons," according to a joint statement by the two officials.
Mogherini and Zarif said the agreement will produce the lifting of all United Nations Security Council sanctions, and multilateral and national sanctions related to Iran's nuclear program.
The balanced deal respects the interests of all sides, they said. The text will be presented to the Security Council in the next few days for endorsement.
Syrian President Bashar Assad said he was confident that regional ally Iran would support "just causes," suggesting that he expects more backing in his fight against insurgents, Reuters reported. Russian President Vladimir Putin welcomed the agreement, saying "the world can breathe a sigh of relief," according to reports.
The United States, United Kingdom, France, China and Russia plus Germany — the so-called P5 + 1 — have held nuclear negotiations with Iran for over a decade, but the talks have progressed unevenly and at times stalled.
In a statement, European Council President Donald Tusk said the "breakthrough" deal brought an end to a 13-year standoff.
"If fully implemented, the agreement could be a turning point in relations between Iran and the international community, paving the way to new avenues of cooperation between the EU and Iran," he said. "Geopolitically, it has the potential to be a game changer."
Oil prices dropped around 2% Tuesday as news of the deal broke. If Iran's oil is permitted to reach world markets it would do so at a time when crude prices have been under pressure due to a global supply glut.
USA TODAY
Oil prices pare losses after Iran nuclear accord




Contributing: Kim Hjelmgaard and David Jackson
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