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[h=4]Reports: Iran and world powers reach historic 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, reports said.
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According to several reports, a landmark agreement to limit Iran’s nuclear program in exchange for eased economic sanctions has been reached in Vienna. USA TODAY
U.S. Secretary of State John Kerry, second from left, meets with foreign ministers and delegations from Germany, France, China, Britain, Russia and the European Union at a hotel in Vienna, Austria, Monday, July 13, 2015.(Photo: Carlos Barria, AP)
A landmark agreement to limit Iran's nuclear program in return for easing economic sanctions has been reached in Vienna.
The deal was confirmed in a tweet by Federica Mogherini, the European Union's top foreign affairs official, following media reports citing an unnamed Western diplomat involved in the talks, who said the breakthrough came early Tuesday.
On the Iranian side, President Hassan Rouhani tweeted: "#IranDeal shows constructive engagement works. With this unnecessary crisis resolved, new horizons emerge with a focus on shared challenges."
Neither the White House nor the State Department were immediately available to comment. Negotiators were expected to hold a news conference in Austria later Tuesday and the European Union will issue a statement. President Obama was also expected to deliver comments from Washington.
Ahead of a formal announcement, Mogherini said in Vienna that "the decision (we are taking) is much more than a nuclear deal. It can open a new chapter."
The AP reported the deal includes a compromise between Washington and Tehran that would allow United Nations inspectors to press for visits to Iranian military sites as part of their monitoring duties. How quickly sanctions would be lifted was not clear.
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.
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.
Israel's Prime Minister Benjamin Netanyahu has already criticized the deal, calling it a historic mistake. Israel feels that a nuclear Iran is a grave threat to its security and has publicly split with Washington over attempts to reach an accord.
USA TODAY
Iran nuclear talks continue past latest deadline
Kim Hjelmgaard contributed to this report.
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