Iran nuclear talks: 'Historic' agreement struck
http://www.bbc.com/news/world-middle-east-33518524
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US President Barack Obama said that with the deal, "every pathway to a nuclear weapon is cut off" for Iran.
His Iranian counterpart, Hassan Rouhani, said it opened a "new chapter" in Iran's relations with the world.
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Mr Obama, who is trying to persuade a sceptical US Congress of the benefits, said it would oblige Iran to:
- remove two-thirds of installed centrifuges and store them under international supervision
- get rid of 98% of its enriched uranium
- accept that sanctions would be rapidly restored if the deal was violated
permanently give the International Atomic Energy Agency (IAEA) access "where necessary when necessary"
Sanctions relief would be gradual, Mr Obama said, with an arms embargo remaining in place for five years and an embargo on missiles for eight years.
Separately, the IAEA and Iran said they had signed a roadmap to resolve outstanding issues.
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And then on the other side...
http://www.cnn.com/2015/07/14/politi...eal/index.html
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"From the initial reports we can already conclude that this agreement is a historic mistake for the world," Netanyahu said Tuesday. "Far-reaching concessions have been made in all areas that were supposed to prevent Iran from obtaining nuclear weapons capability."
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So with all this news, will stock markets rebound or crash again as Iranian oil re-enters the market? Nonetheless, this is a step forward towards stabilizing the Middle East region.