Despite earlier denials from Iran's Deputy FinMin, EU and US spokespersons have confirmed:
- *IRAN REACHES ACCORD WITH WORLD POWERS ON NUCLEAR WORK, EU SAYS
- *IRAN NUCLEAR ACCORD WITH WORLD POWERS ENDS 10-YEAR DEADLOCK
- *IRAN'S ZARIF CONFIRMS NUCLEAR AGREEMENT REACHED ON TWITTER
- *IRAN NUCLEAR DEAL ALLOWS CONTINUATION OF NATANZ, FORDO WORK
- *IRAN INTERIM AGREEMENT FREEZES ADDITIONAL SANCTIONS
There are no details yet – but an interim agreement has been reached to 'roll back' some of Iran's nuclear program. Close U.S. ally Israel opposes the deal as too generous to an enemy it sees as a mortal threat. Israel is not a party to the talks. President Obama will address the nation at 1015ET to take a victory lap (perhaps this foreign victory will lift his domestic approval rating off record lows)…
The Iranian President seems pleased…
— Hassan Rouhani (@HassanRouhani) November 24, 2013
Some details on the deal…
Close U.S. ally Israel opposes the deal as too generous to an enemy it sees as a mortal threat. Israel is not a party to the talks.
The proposed deal offered to Iran would reportedly allow limited uranium enrichment, although under tight restrictions and heavy international monitoring. But Western officials have balked at recognizing a legal "right" to uranium enrichment, hoping instead to craft language in the final agreement that acknowledges the right of all countries to pursue nuclear energy for peaceful purposes. Zarif appeared to endorse that approach publicly last week.
The sides also continued to haggle over details of the limited sanctions relief to be offered to Iran in return for scaling back its nuclear program, diplomats said. The relief would reportedly include freeing up a small portion of Iran's overseas currency accounts and easing other trade restrictions.
The most painful sanction, affecting Iran's oil and banking sectors, would remain until the end of the deal's first phase, depending on Iran's willingness to accept permanent curbs on its nuclear program, Western officials said.
Via Al Jazeera,
Iran and six world powers have reached an agreement on curbing Iran's nuclear programme in exchange for limited sanctions relief, several delegations in the talks said on Sunday.
"We have reached an agreement," Iranian Foreign Minister Mohammad Javad Zarif announced on his Twitter feed.
Al Jazeera's Jonah Hull speaking from Geneva said "marathon talks have come to an end, the French foreign minister gave a thumbs up as he departed the Intercontinental hotel.
"Foreign ministers of the P5+1 negotiation with Iran will be going to Geneva's UN headquarters where they will announce details of the deal," he said. "There are no details yet, but a interim agreement has been struck to roll back some of Iran's nuclear programme."
"It is extrordinarily significant," he added.
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/zRIKbpXMcJQ/story01.htm Tyler Durden